Ramirez Sanchez Raul 4

What Happened

• Raul Ramirez, Chief, Segments & International Operations at Choice Hotels (CHH), was granted/received 3,341 stock-settled restricted stock units (RSUs) on Feb 20, 2026. The reported acquisition price is $0.00 (award), so no cash was paid by the insider. The award was certified Feb 20, 2026 based on performance for the period Jan 1, 2023 – Dec 31, 2025 and the RSUs vest on March 2, 2026.

Key Details

• Transaction date: 2026-02-20; transaction type: Award/Grant (code A); acquisition price reported: $0.00.
• Shares/units received: 3,341 RSUs; these are stock-settled and scheduled to vest on 2026-03-02 per the filing footnote.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: Award resulted from meeting pre-approved performance targets for 2023–2025, certified Feb 20, 2026 (see footnote F1).
• Filing timeliness: Form 4 filed 2026-02-24 for a 2026-02-20 transaction — appears timely (within required 2 business days).

Context

• This was a performance-based equity award (compensation), not an open-market buy or sale. Such awards reflect company compensation decisions rather than an insider buying or selling stock directly, and they vest on the stated date unless withheld for taxes or other plan terms.