Choice Hotels (CHH) HR chief receives 2,720-share equity award in Form 4
Filing Impact
Filing Sentiment
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cimerola Patrick
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,720 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 32,987.11 shares (Direct)
Footnotes (1)
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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.
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.