Choice Hotels Director Ervin Shames Receives 1,570 Restricted Stock Units at $0 Price

Ervin R. Shames, a director of Choice Hotels International Inc., received 1,570 restricted stock units on May 21, 2026, with a grant price of $0 per share. The restricted stock will vest in three annual installments beginning on the first anniversary of the grant date. Following this transaction, Shames' total holdings in Choice Hotels common stock increased to 47,724.18 shares. The filing represents a standard equity compensation award to a board member, with the zero price indicating this is a grant of restricted stock units rather than a market purchase. The transaction was reported on Form 4, which is required for directors, officers, and 10% shareholders to report changes in ownership.