Patrick Cimerola - 12 Jul 2024 Form 4 Insider Report for CHOICE HOTELS INTERNATIONAL INC /DE (CHH)

Role
Chief Human Resources Officer
Signature
Sharon Houle Randall, Attorney In Fact
Issuer symbol
CHH
Transactions as of
12 Jul 2024
Net transactions value
-$925,976
Form type
4
Filing time
16 Jul 2024, 15:17:36 UTC
Previous filing
19 Apr 2024
Next filing
17 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHH Common Stock Sale $683,069 -5,458 -19% $125.15 23,461 12 Jul 2024 Direct F1
transaction CHH Common Stock Options Exercise $58,471 +717 +3.1% $81.55 24,178 12 Jul 2024 Direct
transaction CHH Common Stock Options Exercise $84,071 +1,036 +4.3% $81.15 25,214 12 Jul 2024 Direct
transaction CHH Common Stock Options Exercise $297,390 +3,258 +13% $91.28 28,472 12 Jul 2024 Direct
transaction CHH Common Stock Options Exercise $292,587 +2,790 +9.8% $104.87 31,262 12 Jul 2024 Direct
transaction CHH Common Stock Sale $219,125 -1,753 -5.6% $125.00 29,509 12 Jul 2024 Direct
transaction CHH Common Stock Sale $756,302 -6,048 -20% $125.05 23,461 12 Jul 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CHH Employee Stock Options Options Exercise $0 -717 -100% $0.000000* 0 12 Jul 2024 Common Stock 717 $81.55 Direct F3
transaction CHH Employee Stock Options Options Exercise $0 -1,036 -100% $0.000000* 0 12 Jul 2024 Common Stock 1,036 $81.15 Direct F4
transaction CHH Employee Stock Options Options Exercise $0 -3,258 -100% $0.000000* 0 12 Jul 2024 Common Stock 3,258 $91.28 Direct F5
transaction CHH Employee Stock Options Options Exercise $0 -2,790 -100% $0.000000* 0 12 Jul 2024 Common Stock 2,790 $104.87 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Weighted average price, as these shares were sold in multiple transactions at prices ranging from $125.00 to $125.45, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, additional information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 Weighted average price, as these shares were sold in multiple transactions at prices ranging from $125.00 to $125.18, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, additional information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Options vested in four equal annual installments beginning on March 2, 2019.
F4 Options vested in four equal annual installments beginning on March 2, 2020.
F5 Options vested in four equal annual installments beginning on March 2, 2021.
F6 Options vest in four equal annual installments beginning on March 2, 2022.