CHH - Robert McDowell Decides To Exercise Options At Choice Hotels Intl | Benzinga
In a new SEC filing on May 28, it was revealed that McDowell, Chief Commercial Officer at Choice Hotels Intl (NYSE:CHH), executed a significant exercise of company stock options.
What Happened: McDowell, Chief Commercial Officer at Choice Hotels Intl, exercised stock options for 1,243 shares of CHH stock. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The exercise price of the options was $81.55 per share.
As of Tuesday morning, Choice Hotels Intl shares are down by 0.0%, with a current price of $115.42. This implies that McDowell's 1,243 shares have a value of $42,100.
Get to Know Choice Hotels Intl Better
As of Dec. 31, 2023, Choice Hotels operated 633,000 rooms across 15 brands addressing the economy and midscale segments. Comfort Inn and Comfort Suites are the largest brands (27% of the company's total domestic rooms), while Ascend and Cambria (7% of total domestic rooms) are newer lifestyle and select-service brands. Choice closed on its Radisson acquisition in August 2022, which added around 70,000 rooms. Franchises account for 100% of total revenue, and the United States represent 79% of total rooms in 2023.
Breaking Down Choice Hotels Intl's Financial Performance
Revenue Challenges: Choice Hotels Intl's revenue growth over 3 months faced difficulties. As ...