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Choice Hotels (CHH) HR chief receives 2,720-share equity award in Form 4

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Choice Hotels International executive Patrick Cimerola received an equity award under the company’s compensation program. On the reported date, he acquired 2,720 shares of common stock through a grant or award at no cash cost, increasing his directly held stake to 32,987.11 shares. The award represents restricted stock units that will vest in four equal annual installments beginning on March 2, 2027, tying a portion of his compensation to long-term company performance.

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cimerola Patrick

(Last) (First) (Middle)
915 MEETING STREET
SUITE 600

(Street)
NORTH BETHESDA MD 20852

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CHOICE HOTELS INTERNATIONAL INC /DE [ CHH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Human Resources Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/26/2026 A(1) 2,720 A $0 32,987.11 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Restricted stock units vest in four equal annual installments beginning on March 2, 2027.
Sharon Houle Randall, Attorney In Fact 02/27/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Patrick Cimerola report in this Form 4 for CHH?

Patrick Cimerola reported receiving a grant of 2,720 shares of Choice Hotels common stock. The award was recorded at a price of $0.00 per share, reflecting equity compensation rather than an open-market purchase, and increased his directly held position to 32,987.11 shares.

Was the CHH insider transaction a purchase or an award?

The CHH insider transaction was an equity award, not a market purchase. It is coded as a grant or other acquisition, with 2,720 shares received at a stated price of $0.00 per share, consistent with restricted stock unit or similar compensation grants.

How many CHH shares does Patrick Cimerola hold after this grant?

After this equity grant, Patrick Cimerola directly holds 32,987.11 shares of Choice Hotels common stock. This total includes the newly awarded 2,720 shares, which are associated with restricted stock units vesting over time starting in March 2027.

When do Patrick Cimerola’s new CHH restricted stock units vest?

The restricted stock units associated with this award vest in four equal annual installments beginning on March 2, 2027. This structure spreads the vesting over four years, encouraging longer-term retention and alignment with Choice Hotels’ ongoing performance and shareholder interests.

What is the transaction code used in Patrick Cimerola’s CHH Form 4?

The transaction uses code “A,” indicating a grant, award, or other acquisition of securities. This code confirms the shares were received as part of compensation rather than bought or sold in the open market, and it aligns with the restricted stock unit vesting schedule disclosed.

Is Patrick Cimerola’s ownership in CHH reported as direct or indirect?

Patrick Cimerola’s ownership in this transaction is reported as direct. The Form 4 lists the ownership code as “D” and does not reference any trust, partnership, or other entity, indicating that the reported 32,987.11 shares are held directly in his name.
Choice Hotels Intl Inc

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NORTH BETHESDA