Ramirez Sanchez Raul 4

What Happened
Raul Ramirez Sanchez, Chief Segments & International Operations Officer at Choice Hotels (CHH), received an award of 5,731 restricted stock units (RSUs) on February 26, 2026. The Form 4 reports an acquisition price of $0.00 and total reported value of $0 at grant, which is typical for time‑based equity awards issued as compensation rather than a cash purchase.

Key Details

• Transaction date: 2026-02-26; Filing date (accession): 2026-02-27 — filing appears timely.
• Award: 5,731 RSUs; reported price per share: $0.00; reported aggregate value at grant: $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: RSUs vest in four equal annual installments beginning March 2, 2027 (see F1).
• Transaction code: A (award/grant).

Context
This was an equity compensation grant, not a market purchase or sale. RSUs typically convert to stock (and may be taxable) as they vest according to the stated schedule; they do not indicate an immediate cash investment or sale by the insider.