Choice Hotels (CHH) Director Patrick Pacious Withholds 46,122 Shares

What Happened
Patrick Pacious (reported as Pacious Patrick), a director of Choice Hotels International (CHH), disposed of 46,122 shares on August 31, 2026. The shares were reported at $103.36 each for a total value of $4,767,170. The transaction is coded "F," indicating the shares were surrendered or withheld to cover an option exercise price and/or tax liability rather than a market sale.

Key Details

• Transaction date: 2026-08-31; Report filed: 2026-09-01 (appears timely).
• Price per share: $103.36; Total value: $4,767,170.
• Transaction code: F — payment of exercise price or tax withholding via share surrender/withholding.
• Shares owned after the transaction: not specified in the provided filing details.
• No indication in the provided data of a 10b5-1 plan or other special instructions.

Context
Code F transactions typically reflect routine tax withholding or exercise-cost settlement tied to a prior option exercise or equity award, not an open-market sale. These disposals are common administrative actions and do not necessarily indicate the insider’s view on the company's prospects.