Choice Hotels (NYSE: CHH) HR chief awarded 6,803 performance RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Choice Hotels International reported that Chief Human Resources Officer Patrick Cimerola acquired 6,803 shares of common stock through stock-settled restricted stock units. These units were earned based on company performance against pre-approved financial targets for January 1, 2023 through December 31, 2025 and are scheduled to vest on March 2, 2026.
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 | 6,803 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 30,267.11 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CHH executive Patrick Cimerola report on this Form 4?
Patrick Cimerola reported acquiring 6,803 shares of Choice Hotels common stock through stock-settled restricted stock units. The units were earned under a performance-based award tied to financial targets for the 2023–2025 period and vest on March 2, 2026.
Was the CHH insider transaction a market purchase or a performance award?
The CHH insider transaction was a performance-based stock award, not a market purchase. Cimerola received 6,803 stock-settled restricted stock units at no stated price per share after the company met pre-approved financial targets for January 1, 2023 through December 31, 2025.
What performance period determined the CHH restricted stock units granted to Cimerola?
The restricted stock units were based on company performance from January 1, 2023 through December 31, 2025. Performance against pre-approved financial targets for that period was certified on February 20, 2026, leading to the award of 6,803 stock-settled restricted stock units to Cimerola.
When do the newly acquired CHH restricted stock units vest for Patrick Cimerola?
The 6,803 stock-settled restricted stock units awarded to Patrick Cimerola are scheduled to vest on March 2, 2026. Vesting follows certification of company performance for the 2023–2025 period and represents the date when the units convert into common shares for the executive.
What does transaction code A mean in the CHH Form 4 for Patrick Cimerola?
Transaction code A indicates a grant, award, or other acquisition of securities. In this CHH Form 4, it reflects Cimerola’s acquisition of 6,803 stock-settled restricted stock units earned from a performance-based plan, rather than an open-market purchase of common stock.