Apple Hospitality (APLE) Director Reports Deferred Units and Share Purchase
Rhea-AI Filing Summary
Apple Hospitality REIT director Jon A. Fosheim reported acquisitions and deferred stock unit credits on 08/29/2025. He acquired 1,101 common shares at a per-share value of $13.06, bringing his directly held common shares to 15,679. He also holds 41,574.934 shares indirectly through a family trust. The filing shows grants of 1,330 deferred stock units under the company’s Non-Employee Director Deferral Program and 600 deferred stock units credited as dividend equivalent rights; each unit is economically equivalent to one common share and is valued at $13.06 per share. The transactions reflect regular quarterly equity compensation for board service and voluntary deferrals with customary payout conditions.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine director compensation transactions; small direct purchase and deferred units, no material change to ownership control.
The Form 4 shows a director-level acquisition of 1,101 common shares at $13.06 and credits of deferred stock units totaling 1,930 units (1,330 regular credits and 600 dividend equivalents). Post-transaction direct beneficial ownership is reported at 15,679 shares while indirect ownership via a family trust is 41,574.934 shares. These amounts do not indicate a significant ownership shift or dilution event; they are consistent with periodic board compensation and deferral program mechanics.
TL;DR: Disclosure aligns with standard Section 16 reporting for director compensation and trust holdings; no governance concerns evident.
The filing discloses that the reporting person and spouse serve as co-trustees and beneficiaries of the family trust, explaining the indirect holdings. Deferred Stock Units are payable under elected plan terms and include change-in-control and death/disability provisions. All material elements required by Form 4 appear reported: transaction codes, amounts, pricing reference, and the nature of indirect ownership, indicating compliance with reporting obligations.