STOCK TITAN

[Form 4] Choice Hotels Intnl. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Choice Hotels International, Inc. (CHH) – Form 4 filing

Director Gordon Smith reported the purchase of 1,214 CHH common shares on 07/03/2025 at a weighted-average price of $131.79 (multiple trades between $131.54 and $132.08). Following the acquisition, Smith’s direct beneficial ownership increased to 8,090.81 shares.

The filing shows an “A” (Acquired) transaction code, indicating an acquisition rather than a sale, and no derivative activity was reported. Smith is classified as a director and filed individually. No 10b5-1 plan was noted, suggesting the trade was discretionary.

  • Transaction value: ≈ $160,000 (1,214 × $131.79)
  • Ownership alignment: Director now holds roughly 8.1 k shares, modest but higher than before.
  • Regulatory timing: Form submitted on 07/07/2025, within the two-day SEC deadline.

While the purchase is relatively small versus CHH’s market capitalization, insider buying by a board member is commonly viewed as a confidence signal and removes seller-concern overhang for this insider.

Choice Hotels International, Inc. (CHH) – Comunicazione Form 4

Il direttore Gordon Smith ha riportato l'acquisto di 1.214 azioni ordinarie CHH il 03/07/2025 ad un prezzo medio ponderato di 131,79 $ (diverse operazioni tra 131,54 $ e 132,08 $). Dopo questa acquisizione, la posizione diretta di Smith è salita a 8.090,81 azioni.

La comunicazione indica un codice transazione “A” (Acquisito), segnalando un acquisto e non una vendita, senza attività su derivati. Smith è classificato come direttore e ha presentato la comunicazione individualmente. Non è stato segnalato alcun piano 10b5-1, suggerendo che l’operazione è stata discrezionale.

  • Valore della transazione: circa 160.000 $ (1.214 × 131,79 $)
  • Allineamento della proprietà: Il direttore detiene ora circa 8,1 mila azioni, un incremento modesto ma significativo.
  • Tempistiche regolamentari: Il modulo è stato inviato il 07/07/2025, entro la scadenza di due giorni stabilita dalla SEC.

Nonostante l’acquisto sia relativamente piccolo rispetto alla capitalizzazione di mercato di CHH, l’acquisto da parte di un membro del consiglio è generalmente interpretato come un segnale di fiducia e riduce le preoccupazioni di vendita per questo insider.

Choice Hotels International, Inc. (CHH) – Presentación del Formulario 4

El director Gordon Smith reportó la compra de 1,214 acciones comunes de CHH el 03/07/2025 a un precio promedio ponderado de $131.79 (varias operaciones entre $131.54 y $132.08). Tras la adquisición, la propiedad directa de Smith aumentó a 8,090.81 acciones.

La presentación muestra un código de transacción “A” (Adquirido), indicando una compra y no una venta, sin actividad de derivados reportada. Smith está clasificado como director y presentó individualmente. No se observó un plan 10b5-1, sugiriendo que la operación fue discrecional.

  • Valor de la transacción: ≈ $160,000 (1,214 × $131.79)
  • Alineación de propiedad: El director ahora posee aproximadamente 8.1 mil acciones, un aumento modesto pero significativo.
  • Tiempo regulatorio: Formulario presentado el 07/07/2025, dentro del plazo de dos días de la SEC.

Aunque la compra es relativamente pequeña en comparación con la capitalización de mercado de CHH, la compra por parte de un miembro de la junta suele interpretarse como una señal de confianza y elimina preocupaciones de venta para este insider.

Choice Hotels International, Inc. (CHH) – Form 4 제출

이사 Gordon Smith는 2025년 7월 3일에 CHH 보통주 1,214주를 평균 가중 가격 $131.79에 매수했다고 보고했습니다(거래 가격 범위 $131.54~$132.08). 매수 후 Smith의 직접 보유 지분8,090.81주로 증가했습니다.

제출서류에는 매도 아닌 매수를 의미하는 “A” (취득) 거래 코드가 표시되어 있으며, 파생상품 거래는 보고되지 않았습니다. Smith는 이사로 분류되며 개인 명의로 제출했습니다. 10b5-1 계획은 없었으며, 이는 거래가 자유 재량에 의한 것임을 시사합니다.

  • 거래 금액: 약 $160,000 (1,214 × $131.79)
  • 보유 지분 현황: 이사는 현재 약 8,100주를 보유하고 있으며, 이전보다 소폭 증가했습니다.
  • 규제 제출 시기: 2025년 7월 7일 제출, SEC 2일 내 제출 기한 준수.

이번 매수는 CHH 시가총액 대비 비교적 적은 규모지만, 이사회 구성원의 내부자 매수는 신뢰 신호로 여겨지며 해당 내부자에 대한 매도 우려를 줄여줍니다.

Choice Hotels International, Inc. (CHH) – Dépôt du formulaire 4

Le directeur Gordon Smith a déclaré l'achat de 1 214 actions ordinaires CHH le 03/07/2025 à un prix moyen pondéré de 131,79 $ (plusieurs transactions entre 131,54 $ et 132,08 $). Suite à cette acquisition, la détention directe de Smith est passée à 8 090,81 actions.

Le dépôt indique un code transaction « A » (Acquis), signifiant une acquisition et non une vente, sans activité sur dérivés signalée. Smith est classé comme directeur et a déposé individuellement. Aucun plan 10b5-1 n'a été mentionné, suggérant que la transaction était discrétionnaire.

  • Valeur de la transaction : ≈ 160 000 $ (1 214 × 131,79 $)
  • Alignement de la propriété : Le directeur détient désormais environ 8,1 k actions, une augmentation modeste mais notable.
  • Délai réglementaire : Formulaire soumis le 07/07/2025, dans le délai de deux jours de la SEC.

Bien que l'achat soit relativement modeste par rapport à la capitalisation boursière de CHH, l'achat d'initiés par un membre du conseil est généralement perçu comme un signe de confiance et élimine les inquiétudes liées à une vente de la part de cet initié.

Choice Hotels International, Inc. (CHH) – Form 4 Einreichung

Direktor Gordon Smith meldete den Kauf von 1.214 CHH-Stammaktien am 03.07.2025 zu einem gewichteten Durchschnittspreis von 131,79 $ (mehrere Trades zwischen 131,54 $ und 132,08 $). Nach dem Erwerb erhöhte sich Smiths direkter Besitz auf 8.090,81 Aktien.

Die Einreichung zeigt den Transaktionscode „A“ (Erworben), was auf einen Kauf und keinen Verkauf hinweist, und es wurden keine Derivateaktivitäten gemeldet. Smith ist als Direktor klassifiziert und hat die Meldung individuell eingereicht. Ein 10b5-1-Plan wurde nicht angegeben, was auf eine diskretionäre Transaktion hindeutet.

  • Transaktionswert: ca. 160.000 $ (1.214 × 131,79 $)
  • Eigentumsausrichtung: Der Direktor hält nun etwa 8,1 Tausend Aktien, ein moderater, aber signifikanter Anstieg.
  • Regulatorischer Zeitrahmen: Formular wurde am 07.07.2025 eingereicht, innerhalb der zweitägigen SEC-Frist.

Obwohl der Kauf im Vergleich zur Marktkapitalisierung von CHH relativ klein ist, wird ein Insider-Kauf durch ein Vorstandsmitglied oft als Vertrauenssignal gewertet und nimmt Verkaufsbedenken für diesen Insider.

Positive
  • Director Gordon Smith acquired 1,214 CHH shares at $131.79, increasing ownership to 8,090.81 shares.
  • Transaction was coded “A” with no 10b5-1 plan, indicating discretionary insider confidence.
Negative
  • Purchase size (~$160k) is relatively small compared with company capitalization, limiting market impact.

Insights

TL;DR: Director’s $160k open-market buy is a mildly bullish governance signal.

The acquisition of 1,214 CHH shares at $131.79 suggests the director perceives value at current levels. Although the purchase represents a fraction of CHH’s daily volume and market cap, it lifts the insider’s stake to 8,090.81 shares, aligning board interests with shareholders. No derivatives or 10b5-1 plan were disclosed, implying discretionary conviction. Given its size, the move is incrementally positive rather than thesis-changing.

TL;DR: Fresh equity buy enhances board-shareholder alignment; limited materiality.

Insider purchases generally score well on governance metrics because they indicate personal financial commitment. Smith complied with prompt reporting and avoided plan-shielded transactions, increasing transparency. Nonetheless, the dollar amount is moderate, so the overall impact is positive but not transformative for governance risk assessments.

Choice Hotels International, Inc. (CHH) – Comunicazione Form 4

Il direttore Gordon Smith ha riportato l'acquisto di 1.214 azioni ordinarie CHH il 03/07/2025 ad un prezzo medio ponderato di 131,79 $ (diverse operazioni tra 131,54 $ e 132,08 $). Dopo questa acquisizione, la posizione diretta di Smith è salita a 8.090,81 azioni.

La comunicazione indica un codice transazione “A” (Acquisito), segnalando un acquisto e non una vendita, senza attività su derivati. Smith è classificato come direttore e ha presentato la comunicazione individualmente. Non è stato segnalato alcun piano 10b5-1, suggerendo che l’operazione è stata discrezionale.

  • Valore della transazione: circa 160.000 $ (1.214 × 131,79 $)
  • Allineamento della proprietà: Il direttore detiene ora circa 8,1 mila azioni, un incremento modesto ma significativo.
  • Tempistiche regolamentari: Il modulo è stato inviato il 07/07/2025, entro la scadenza di due giorni stabilita dalla SEC.

Nonostante l’acquisto sia relativamente piccolo rispetto alla capitalizzazione di mercato di CHH, l’acquisto da parte di un membro del consiglio è generalmente interpretato come un segnale di fiducia e riduce le preoccupazioni di vendita per questo insider.

Choice Hotels International, Inc. (CHH) – Presentación del Formulario 4

El director Gordon Smith reportó la compra de 1,214 acciones comunes de CHH el 03/07/2025 a un precio promedio ponderado de $131.79 (varias operaciones entre $131.54 y $132.08). Tras la adquisición, la propiedad directa de Smith aumentó a 8,090.81 acciones.

La presentación muestra un código de transacción “A” (Adquirido), indicando una compra y no una venta, sin actividad de derivados reportada. Smith está clasificado como director y presentó individualmente. No se observó un plan 10b5-1, sugiriendo que la operación fue discrecional.

  • Valor de la transacción: ≈ $160,000 (1,214 × $131.79)
  • Alineación de propiedad: El director ahora posee aproximadamente 8.1 mil acciones, un aumento modesto pero significativo.
  • Tiempo regulatorio: Formulario presentado el 07/07/2025, dentro del plazo de dos días de la SEC.

Aunque la compra es relativamente pequeña en comparación con la capitalización de mercado de CHH, la compra por parte de un miembro de la junta suele interpretarse como una señal de confianza y elimina preocupaciones de venta para este insider.

Choice Hotels International, Inc. (CHH) – Form 4 제출

이사 Gordon Smith는 2025년 7월 3일에 CHH 보통주 1,214주를 평균 가중 가격 $131.79에 매수했다고 보고했습니다(거래 가격 범위 $131.54~$132.08). 매수 후 Smith의 직접 보유 지분8,090.81주로 증가했습니다.

제출서류에는 매도 아닌 매수를 의미하는 “A” (취득) 거래 코드가 표시되어 있으며, 파생상품 거래는 보고되지 않았습니다. Smith는 이사로 분류되며 개인 명의로 제출했습니다. 10b5-1 계획은 없었으며, 이는 거래가 자유 재량에 의한 것임을 시사합니다.

  • 거래 금액: 약 $160,000 (1,214 × $131.79)
  • 보유 지분 현황: 이사는 현재 약 8,100주를 보유하고 있으며, 이전보다 소폭 증가했습니다.
  • 규제 제출 시기: 2025년 7월 7일 제출, SEC 2일 내 제출 기한 준수.

이번 매수는 CHH 시가총액 대비 비교적 적은 규모지만, 이사회 구성원의 내부자 매수는 신뢰 신호로 여겨지며 해당 내부자에 대한 매도 우려를 줄여줍니다.

Choice Hotels International, Inc. (CHH) – Dépôt du formulaire 4

Le directeur Gordon Smith a déclaré l'achat de 1 214 actions ordinaires CHH le 03/07/2025 à un prix moyen pondéré de 131,79 $ (plusieurs transactions entre 131,54 $ et 132,08 $). Suite à cette acquisition, la détention directe de Smith est passée à 8 090,81 actions.

Le dépôt indique un code transaction « A » (Acquis), signifiant une acquisition et non une vente, sans activité sur dérivés signalée. Smith est classé comme directeur et a déposé individuellement. Aucun plan 10b5-1 n'a été mentionné, suggérant que la transaction était discrétionnaire.

  • Valeur de la transaction : ≈ 160 000 $ (1 214 × 131,79 $)
  • Alignement de la propriété : Le directeur détient désormais environ 8,1 k actions, une augmentation modeste mais notable.
  • Délai réglementaire : Formulaire soumis le 07/07/2025, dans le délai de deux jours de la SEC.

Bien que l'achat soit relativement modeste par rapport à la capitalisation boursière de CHH, l'achat d'initiés par un membre du conseil est généralement perçu comme un signe de confiance et élimine les inquiétudes liées à une vente de la part de cet initié.

Choice Hotels International, Inc. (CHH) – Form 4 Einreichung

Direktor Gordon Smith meldete den Kauf von 1.214 CHH-Stammaktien am 03.07.2025 zu einem gewichteten Durchschnittspreis von 131,79 $ (mehrere Trades zwischen 131,54 $ und 132,08 $). Nach dem Erwerb erhöhte sich Smiths direkter Besitz auf 8.090,81 Aktien.

Die Einreichung zeigt den Transaktionscode „A“ (Erworben), was auf einen Kauf und keinen Verkauf hinweist, und es wurden keine Derivateaktivitäten gemeldet. Smith ist als Direktor klassifiziert und hat die Meldung individuell eingereicht. Ein 10b5-1-Plan wurde nicht angegeben, was auf eine diskretionäre Transaktion hindeutet.

  • Transaktionswert: ca. 160.000 $ (1.214 × 131,79 $)
  • Eigentumsausrichtung: Der Direktor hält nun etwa 8,1 Tausend Aktien, ein moderater, aber signifikanter Anstieg.
  • Regulatorischer Zeitrahmen: Formular wurde am 07.07.2025 eingereicht, innerhalb der zweitägigen SEC-Frist.

Obwohl der Kauf im Vergleich zur Marktkapitalisierung von CHH relativ klein ist, wird ein Insider-Kauf durch ein Vorstandsmitglied oft als Vertrauenssignal gewertet und nimmt Verkaufsbedenken für diesen Insider.

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*
Smith Gordon

(Last) (First) (Middle)
915 MEETING STREET
SUITE 600

(Street)
NORTH BETHESDA MD 20852

(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 07/03/2025 A 1,214 A $131.79(1) 8,090.81 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 $131.54 to $132.08, 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 sold at each separate price within the range set forth in this footnote.
Sharon Houle Randall, Attorney In Fact 07/07/2025
** 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.

FAQ

Who bought Choice Hotels (CHH) shares?

Director Gordon Smith reported the purchase.

How many CHH shares were acquired?

A total of 1,214 common shares were acquired.

What price was paid for the shares?

The weighted-average purchase price was $131.79, with trades ranging $131.54–$132.08.

When did the insider transaction occur?

The trade date was 07/03/2025; the Form 4 was filed on 07/07/2025.

What is the insider’s ownership after the transaction?

Smith now beneficially owns 8,090.81 CHH shares directly.

Were any derivative securities involved?

No derivative transactions were reported in Table II.
Choice Hotels Intl Inc

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NORTH BETHESDA