Apple Hospitality (APLE) Director Carolyn Handlon Receives DSU Award

What Happened

• Carolyn B. Handlon, a director of Apple Hospitality REIT, Inc. (APLE), was credited with 2,151 Deferred Stock Units (DSUs) on August 31, 2026. This consisted of a grant of 2,116 DSUs valued at $15.95 each ($33,750) and an additional 35 DSUs credited as dividend equivalents at the same $15.95 price ($558). These are derivative awards (not open-market purchases) granted under the company’s non-employee director deferral program.

Key Details

• Transaction dates and prices: 2026-08-31 — 2,116 DSUs @ $15.95 (grant, code A) and 35 DSUs @ $15.95 (other acquisition, code J).
• Reported values: $33,750 (grant) and $558 (dividend-equivalent DSUs); total ≈ $34,308.
• Nature of the award: DSUs are economically equivalent to one share of common stock (F1) and were credited under the Apple Hospitality Amended and Restated Non-Employee Director Deferral Program and 2024 Omnibus Incentive Plan (F2).
• Payment timing: DSUs are generally payable in the form elected under the Deferral Plan on the earlier of the elected date or upon death, disability, or a change in control as defined in the plan (F3).
• The 35-unit item represents dividend-equivalent DSUs on previously awarded DSUs (F4).
• Shares owned after the transaction were not disclosed in the provided filing.
• Filing timeliness: Form 4 was filed on 2026-09-02 for transactions dated 2026-08-31 (appears timely).

Context

• These transactions are compensation-related derivative awards for a non-employee director. DSUs are not immediate common stock but track the economic value of shares and typically settle later per the deferral plan terms. Such awards are routine for board members and do not by themselves indicate the director is buying or selling common stock on the open market.