Cimerola Patrick 4

What Happened
Patrick Cimerola, Chief Human Resources Officer of Choice Hotels International (CHH), received a grant of 2,720 restricted stock units (RSUs) on February 26, 2026. The award is reported as an acquisition (code A) at $0.00 per share—i.e., no cash purchase—so immediate out‑of‑pocket value shown on the Form 4 is $0. These RSUs will convert to shares only as they vest per the plan terms.

Key Details

• Transaction date: 2026-02-26 (reported on Form 4 filed 2026-02-27).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 2,720 RSUs; price per share reported: $0.00; immediate reported value: $0.
• Vesting: RSUs vest in four equal annual installments beginning March 2, 2027 (footnote).
• Shares owned after transaction: not specified in the provided filing details.
• Timeliness: Filing appears timely (filed the next day), so no late-filing flag noted.

Context
RSU grants are a common form of executive compensation and are not the same as an open‑market purchase (they do not, by themselves, signal buying interest). These units typically convert to actual shares as they vest and may be subject to forfeiture until then; the economic value will depend on Choice Hotels’ stock price at vesting dates.