Choice Hotels (NYSE: CHH) executive awarded common stock in Form 4 filing

Rhea-AI Filing Summary

Ramirez Sanchez Raul reported acquisition or exercise transactions in this Form 4 filing.

Choice Hotels International executive Raul Ramirez Sanchez, Chief Segment & International Operations Officer, received a grant of 8.16 shares of common stock at a weighted average price of $117.65 per share on April 15, 2026. After this award, he directly holds 24,032.16 shares of Choice Hotels common stock, indicating a routine, compensation-related increase in his equity position rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ramirez Sanchez Raul

Role Chief Seg & Intl Op Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	8.16	$117.65	$960.02

Holdings After Transaction: Common Stock — 24,032.16 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 8.16 shares Grant price: $117.65 per share Post-transaction holdings: 24,032.16 shares +1 more

4 metrics

Shares granted 8.16 shares Common Stock grant on April 15, 2026

Grant price $117.65 per share Reported transaction price for the stock award

Post-transaction holdings 24,032.16 shares Direct ownership after the grant

Transaction code A Grant, award, or other acquisition of common stock

Key Terms

Grant, award, or other acquisition, Weighted average price, Common Stock

3 terms

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Weighted average price financial

"Weighted average price, as these shares were purchased in multiple transactions"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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^*

Ramirez Sanchez Raul

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Seg & Intl Op Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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	04/15/2026		A		8.16	A	$117.65(1)	24,032.16	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. Weighted average price, as these shares were purchased in multiple transactions at prices ranging from $117.43 to $117.80, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, additional information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

	Sharon Houle Randall, Attorney In Fact	04/16/2026
	** 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 CHH executive Raul Ramirez Sanchez report in this Form 4?

Raul Ramirez Sanchez reported receiving a small equity grant of 8.16 shares of Choice Hotels common stock. The transaction was coded as a grant or award, reflecting compensation rather than an open-market trade, and modestly increased his direct share ownership in the company.

How many CHH shares does Raul Ramirez Sanchez own after this reported transaction?

After the reported grant, Raul Ramirez Sanchez directly owns 24,032.16 shares of Choice Hotels common stock. This figure reflects his position following the April 15, 2026 award and helps investors understand his ongoing equity stake in the company as an officer.

Was the CHH Form 4 transaction a purchase or a grant of shares?

The CHH Form 4 shows a grant or award acquisition, not an open-market purchase. The transaction code is “A” with the description “Grant, award, or other acquisition,” indicating the shares were received as part of compensation rather than bought on the open market.

What price is reported for the CHH shares granted to Raul Ramirez Sanchez?

The Form 4 reports a transaction price of $117.65 per share for the 8.16 CHH shares. This value represents the weighted average price referenced, providing a per-share figure used to describe the grant for disclosure and reporting purposes in the insider filing.

What role does Raul Ramirez Sanchez hold at Choice Hotels (CHH)?

In the Form 4, Raul Ramirez Sanchez is identified as an officer of Choice Hotels, serving as Chief Segment & International Operations Officer. This role means his equity awards and holdings are closely tracked as part of executive compensation and insider ownership disclosures.