BAINUM STEWART JR 4

What Happened

• Stewart Bainum Jr., a 10% owner of Choice Hotels (CHH), received a restricted stock award of 3,242 shares on 2026-02-26 at an attributed price of $107.98 per share (total value ~$350,071).
• The filing also shows two zero-dollar "other" transactions on 2026-03-02 for 2,430 shares (one disposition and one acquisition), which appear as transfers with no cash exchanged.

Key Details

• Transaction dates and prices:
  • 2026-02-26: Award/Grant (code A) — 3,242 shares @ $107.98, total ~$350,071. (Footnote F1: restricted stock; vests in three equal annual installments starting on the first anniversary.)
  • 2026-03-02: Other acquisition/disposition (code J) — 2,430 shares disposed @ $0.00 and 2,430 shares acquired @ $0.00 (internal transfer/reauthorization; no cash).
• Shares owned after transaction: the filing does not state a single consolidated total for Bainum’s direct holdings. Footnotes note shares held by related entities:
  • F2: Shares are held by the Stewart Bainum Jr. Trust (Bainum is trustee and sole current beneficiary).
  • F3: Bainum has a proportionate interest in 6,821,574 shares owned by White Oak Legacy, Inc., an investment company in which he is a noncontrolling shareholder and shares voting authority.
• Filing timeliness: Form 4 was filed on 2026-03-02; there is no indication in the filing that it was late.

Context

• The primary action is a restricted stock grant (an award), not an open-market purchase or sale — awards are common for compensation or ownership structuring and have vesting conditions (see F1).
• The zero-dollar J-code entries represent internal transfers or reallocations (no sale proceeds) and do not by themselves indicate buying or selling sentiment.
• As a 10% owner, Bainum’s transactions reflect significant ownership and entity-level holdings rather than routine executive open-market trades; retail investors should view this as an ownership/compensation-related grant rather than a market-driven purchase.