Jon A. Fosheim - Jan 1, 2023 Form 4 Insider Report for Apple Hospitality REIT, Inc. (APLE)

Role: Director
Signature: /s/ Kelly C. Clarke, Attorney-in-fact
Stock symbol: APLE
Transactions as of: Jan 1, 2023
Transactions value $: $2,246
Form type: 4
Date filed: 1/4/2023, 05:11 PM
Previous filing: Dec 2, 2022
Next filing: Jan 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APLE	Common Shares	Options Exercise	$0	+9.49K	+32.75%	$0.00	38.5K	Jan 1, 2023	Direct	F1, 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	APLE	Deferred Stock Units	Other	$2.25K	+145	+0.42%	$15.49	34.9K	Jan 1, 2023	Common Shares	145		Direct	F2, F3, F4, F5
transaction	APLE	Deferred Stock Units	Options Exercise		-9.49K	-27.2%		25.4K	Jan 1, 2023	Common Shares	9.49K		Direct	F2, F4, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents unrestricted common shares issued as settlement for previously awarded Deferred Stock Units credited to the reporting person under the Apple Hospitality REIT, Inc. Non- Employee Director Deferral Program (the "Deferral Plan"), under the Apple Hospitality REIT, Inc. 2014 Omnibus Incentive Plan and based on a voluntary elected payment date.
F2	Each Deferred Stock Unit is economically equivalent to one share of Common Stock.
F3	Represents Deferred Stock Units granted pursuant to dividend equivalent rights on previously awarded Deferred Stock Units.
F4	The Deferred Stock Units credited under the Deferral Plan are generally payable in the form elected or provided under the Deferral Plan on the earlier of (i) the date or event elected by the reporting person, or (ii) upon death, disability or change in control as defined under the Deferral Plan.
F5	Per share value is the closing price for the Company's common shares on the New York Stock Exchange on January 3, 2023.
F6	Represents the vesting of Deferred Stock Units previously credited to the reporting person under the Deferral Plan based on a voluntary elected payment date and settled in the form of unrestricted common shares.