Choice Hotels (NYSE: CHH) director Maureen Sullivan granted 1,570 restricted shares

Rhea-AI Filing Summary

Choice Hotels International director Maureen Sullivan received a new equity grant. On May 21, 2026, she acquired 1,570 shares of Common Stock as a restricted stock award at no cash cost. Following this grant, she directly holds 13,592.41 shares of Choice Hotels Common Stock.

The restricted stock will vest in three equal annual installments, beginning on the first anniversary of the grant date. This structure ties a portion of her compensation to the company’s long-term performance and her continued service on the board.

Insights

Equity Compensation Analyst

Routine director equity grant with time-based vesting, modest in size.

Director Maureen Sullivan received 1,570 restricted shares of Choice Hotels International common stock as compensation, increasing her direct holdings to 13,592.41 shares. The grant carries no exercise price, reflecting a standard time-based stock award rather than options.

The restricted stock vests in three annual installments starting one year after the grant date, encouraging continued board service and long-term alignment with shareholders. This appears to be a routine governance and compensation event, not a market-driven buy or sell decision.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Maureen Sullivan

Role null

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

Holdings After Transaction: Common Stock — 13,592.41 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock grant: 1,570 shares Post-grant holdings: 13,592.41 shares Grant price: $0.00 per share +1 more

4 metrics

Restricted stock grant 1,570 shares Grant of Common Stock on May 21, 2026

Post-grant holdings 13,592.41 shares Total direct Common Stock after transaction

Grant price $0.00 per share Reported transaction price for restricted stock

Vesting schedule 3 annual installments Beginning on first anniversary of grant date

Key Terms

Restricted stock, vest, grant date

3 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 date financial

"beginning on the first anniversary of the grant date"

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

Form 4 Insider Transactions: What Each Field Means →

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^*

Maureen Sullivan

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/21/2026		A(1)		1,570	A	$0	13,592.41	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 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)

FAQ

What did Maureen Sullivan acquire in the latest CHH Form 4 filing?

Maureen Sullivan received a grant of 1,570 shares of Choice Hotels common stock as restricted stock. The award was reported at a price of $0.00 per share, indicating a compensation grant rather than an open-market purchase transaction.

How many CHH shares does Maureen Sullivan hold after this restricted stock grant?

After the reported restricted stock award, Maureen Sullivan directly holds 13,592.41 shares of Choice Hotels common stock. This total reflects her position following the 1,570-share grant disclosed in the Form 4 insider filing.

How do the new CHH restricted shares vest for Maureen Sullivan?

The restricted stock granted to Maureen Sullivan will vest in three annual installments. Vesting begins on the first anniversary of the grant date, meaning the award unlocks over three years, subject to continued service and the applicable award terms.

Was Maureen Sullivan’s CHH transaction an open-market stock purchase or sale?

The filing shows a Form 4 transaction coded as “A,” indicating a grant, award, or other acquisition. The 1,570 shares were issued at $0.00 per share as restricted stock, not bought or sold in the open market.

What is the significance of the “A” transaction code in the CHH Form 4 filing?

The “A” code in Maureen Sullivan’s Form 4 identifies the transaction as a grant, award, or other acquisition. In this case, it represents a restricted stock grant of 1,570 shares, which functions as equity-based compensation rather than a discretionary market trade.