What does the 1,570-share award to CHH director Monte J.M. Koch represent?

The 1,570-share award represents a restricted stock grant to director Monte J.M. Koch. It is categorized as a grant or award acquisition, meaning the shares were provided as compensation rather than purchased on the open market at a cash price.

Choice Hotels (NYSE: CHH) director receives 1,570-share restricted stock award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Koch Monte JM reported acquisition or exercise transactions in this Form 4 filing.

Choice Hotels International director Monte J.M. Koch received a grant of 1,570 shares of Common Stock as a restricted stock award. The award was granted at a stated price of $0.00 per share as equity compensation, not as an open-market purchase.

After this grant, Koch directly holds a total of 22,191.36 Choice Hotels shares. According to the disclosure, the restricted stock will vest in three equal annual installments beginning on the first anniversary of the grant date, tying the award to continued service over multiple years.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Koch Monte JM

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,570	$0.00	--

Holdings After Transaction: Common Stock — 22,191.36 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock grant: 1,570 shares Grant price: $0.00 per share Holdings after grant: 22,191.36 shares +1 more

4 metrics

Restricted stock grant 1,570 shares Grant of Common Stock to director Monte J.M. Koch

Grant price $0.00 per share Stated transaction price for restricted stock award

Holdings after grant 22,191.36 shares Total direct CHH shares held following the transaction

Vesting schedule Three annual installments Vesting begins on first anniversary of grant date

Key Terms

Restricted stock, vest, grant, award, or other acquisition, Form 4

4 terms

Restricted stock financial

"Restricted stock will vest in three annual installments beginning on the first anniversary"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vest financial

"Restricted stock will vest in three annual installments beginning on the first anniversary"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

grant, award, or other acquisition financial

"Transaction code A is described as Grant, award, or other acquisition"

Form 4 regulatory

"The transaction is disclosed in a Form 4 insider filing for Monte J.M. Koch"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 04:09 PM

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^*

Koch Monte JM

(Last)

(First)

(Middle)

915 MEETING STREET

SUITE 600

(Street)

NORTH BETHESDA

MARYLAND

20852

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/21/2026		A⁽¹⁾		1,570	A	$0	22,191.36	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Restricted stock will vest in three annual installments beginning on the first anniversary of the grant date.

	Sharon Houle Randall, Attorney In Fact	05/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CHH director Monte J.M. Koch report?

Monte J.M. Koch reported receiving 1,570 shares of Choice Hotels Common Stock as a restricted stock grant. The shares were awarded as equity compensation, not bought in the open market, and increase his direct holdings in the company.

How many CHH shares does Monte J.M. Koch hold after this Form 4 filing?

After the reported grant, Monte J.M. Koch directly holds 22,191.36 shares of Choice Hotels Common Stock. This total reflects the addition of 1,570 restricted shares from the award disclosed in the Form 4 filing.

How will the restricted CHH stock granted to Monte J.M. Koch vest over time?

The restricted stock granted to Monte J.M. Koch will vest in three annual installments. Vesting begins on the first anniversary of the grant date, so one-third of the shares vest each year over a three-year period, subject to the award’s terms.

Was the CHH stock grant to Monte J.M. Koch an open-market purchase or a compensation award?

The transaction was a compensation award, not an open-market purchase. The Form 4 identifies it as a grant or award acquisition with a transaction price of $0.00 per share, indicating it was issued as part of his director compensation package.