Pacious Patrick 4

What Happened
Pacious Patrick, President & CEO and a director of Choice Hotels International (CHH), was awarded 16,492 stock-settled restricted stock units (RSUs) as a result of certified performance targets. The RSUs were reported as acquired on 2026-02-20 at a reported price of $0.00 and are scheduled to vest on March 2, 2026. This was a compensation award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-02-20; reported on Form 4 filed 2026-02-24 (filing marked late).
• Transaction type/code: Award/Acquisition (A). Reported price: $0.00. Shares acquired: 16,492 RSUs.
• Vesting: RSUs vest on March 2, 2026 (stock-settled).
• Footnote: Units granted based on Company performance for the period 1/1/2023–12/31/2025, certified 2/20/2026.
• Shares owned after transaction: Not specified in the filing.

Context
This award reflects performance-based executive compensation and is routine for senior management; it does not represent an open-market purchase or a sale and should not be read as a direct market sentiment signal. The Form 4 was filed after the typical two-business-day reporting window, which is noted in the filing.