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Gaming & Lodging

Apple Hospitality REIT Executive Compensation (FY25)

APLE · Richmond, VA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Justin Knight
Latest say-on-pay support
=
May 22, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 18, 2026Latest filing (8-K): May 27, 2026
14 filings cited on this page
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207 figures on this page: 197 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Justin Knight: $5,788,558 → $5,075,148 (12.3% lower)
Say-on-pay support: 96.8% → 96.7% (0.1 points lower)
CEO pay ratio: 31.6:1 → 24.2:1 (23.4% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Apple Hospitality REIT's chief executive and what were they paid?
Justin Knight, Chief Executive Officer, received $5,075,148 in total compensation for fiscal 2025. Knight's total was 12.3% lower than the $5,788,558 reported for fiscal 2024.
What was Apple Hospitality REIT's say-on-pay result?
Shareholders supported the say-on-pay proposal with 96.7% of votes cast for or against in favor at the meeting held May 22, 2026 for fiscal 2025.
Which companies are in Apple Hospitality REIT's peer group?
The disclosed peer group includes DiamondRock Hospitality Company, Host Hotels & Resorts, Inc., Park Hotels & Resorts Inc., Pebblebrook Hotel Trust and RLJ Lodging Trust, among others.
What is Apple Hospitality REIT's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 24.2:1, against median employee compensation of $209,424.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Justin Knight
Chief Executive Officer
◇—◇—◇—◇◇
Nelson Knight
President, Real Estate and Investments
◇—◇—◇—◇◇
Karen Gallagher
Senior Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Elizabeth Perkins
Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Rachel Labrecque
Senior Vice President and Chief Accounting Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Justin Knight
Chief Executive Officer
◇—◇—◇—◇◇
Nelson Knight
President, Real Estate and Investments
◇—◇—◇—◇◇
Elizabeth Perkins
Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Karen Gallagher
Senior Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Rachel Labrecque
Senior Vice President and Chief Accounting Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Justin Knight
Chief Executive Officer
◇—◇—◇—◇◇
Nelson Knight
President, Real Estate and Investments
◇—◇—◇—◇◇
Elizabeth Perkins
Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Karen Gallagher
Senior Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Rachel Labrecque
Senior Vice President and Chief Accounting Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Justin Knight
Chief Executive Officer
◇—◇—◇—◇◇
Nelson Knight
President, Real Estate and Investments
◇—◇—◇—◇◇
Elizabeth Perkins
Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Karen Gallagher
Senior Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Rachel Labrecque
Senior Vice President and Chief Accounting Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Elizabeth S. PerkinsPSU—◇◇—◇—◇
Justin G. KnightPSU—◇◇—◇—◇
Karen C. GallagherPSU—◇◇—◇—◇
Nelson G. KnightPSU—◇◇—◇—◇
Rachel S. LabrecquePSU—◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Elizabeth PerkinsPSU◇◇——
Karen GallagherPSU◇◇——
Rachel LabrecquePSU◇◇——
Nelson KnightPSU◇◇——
Justin KnightPSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jon A. Fosheim
◇◇———◇◇
L. Hugh Redd
◇◇———◇◇
Howard E. Woolley
◇◇———◇◇
Glenn W. Bunting
◇◇————◇
Blythe J. McGarvie
Lead independent director
◇◇————◇
Carolyn B. Handlon
◇◇————◇
Kristian M. Gathright
◇◇————◇
Glade M. Knight and Justin G. Knight served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Common Shares.
Stock ownership guideline: 4x annual base cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • DiamondRock Hospitality Company DRH
  • Host Hotels & Resorts, Inc. HST
  • Park Hotels & Resorts Inc. PK
  • Pebblebrook Hotel Trust PEB
  • RLJ Lodging Trust RLJ
  • Ryman Hospitality Properties, Inc. RHP
  • Summit Hotel Properties, Inc. INN
  • Sunstone Hotel Investors, Inc. SHO
  • Xenia Hotels & Resorts, Inc. XHR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 22, 2026=◇◇◇
2024May 19, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021May 13, 2022=◇◇◇
2020May 13, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 18, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Justin Knight (Chief Executive Officer), FY2025 total compensation $5,075,148 (base salary $660,591) [exec_comp, SEC accession 0001193125-26-140145, filed 2026-04-02]

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What this page does not include

Everything above is a fact Apple Hospitality REIT disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Apple Hospitality REIT sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
207 figures on this page: 197 cited to the filing that reported them, 10 calculated from figures it prints.
197 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001193125-26-241917
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-140145
    CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year End · and 1 more section
  3. 0000950170-25-075787
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000950170-25-050405
    Summary Compensation Table
  5. 0000950170-24-065218
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000950170-24-042986
    Summary Compensation Table
  7. 0000950170-23-023447
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000950170-23-011385
    SUMMARY COMPENSATION TABLE · Summary Compensation Table
  9. 0001564590-22-020551
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001564590-21-028393
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001185185-20-000673
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001185185-19-000764
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001185185-18-000961
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001185185-17-001253
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
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Velarion, “Apple Hospitality REIT executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/APLE (accessed 2026).
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The Apple Hospitality REIT brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Gaming & Lodging rankings

Chief executive pay — Gaming & LodgingCEO pay ratio — Gaming & LodgingSay-on-pay support — Gaming & Lodging

Peers Apple Hospitality REIT discloses

The companies named in APLE's own disclosed peer group.

DiamondRock Hospitality CompanyHost Hotels & Resorts, Inc.Park Hotels & Resorts Inc.Pebblebrook Hotel TrustRLJ Lodging TrustRyman Hospitality Properties, Inc.Summit Hotel Properties, Inc.Sunstone Hotel Investors, Inc.Xenia Hotels & Resorts, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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