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EdgarHawk

Pacious Patrick

President & CEO

Director Officer
4 filings analyzed · 1 company · Latest 2024-11-12

Companies

Company Buys Sells Direction
CHOICE HOTELS INTERNATIONAL INC /DE CHH 0 15 Net selling

Activity

November 2024
Sell
7,192 shares
$1,042,480
Significance 5/10

Choice Hotels President/CEO Patrick sold 7,192 shares at $144.95 on 2024-11-08; stock near 52-week high of $145.01.

Pacious Patrick sold 7,192 shares at $144.95, executed at prices within 0.5% of the 52-week high of $145.01. The sale reduced his stake by 1.7%, leaving him with 404,666 shares post-transaction. This is the latest in a sequence of five sales at CHH all clustered within the past four trading days (2024-11-04 through 2024-11-08), totaling systematic reductions in his position. While Patrick's cross-ticker track record shows 10 prior sells with an average 30-day return of +10.4%, his same-ticker history at CHH shows no yet-measurable outcomes across the five recent transactions. The stock has appreciated significantly over the last 90 days (+21.0%) and 30 days (+8.0%), trading near its upper bound, providing context for the timing of these sales.

Sell
26,816 shares
$3,879,935
Significance 6/10

Pacious Patrick (CEO) sells 26,816 shares for $3,879,935.08 in 3 separate transactions at CHH

On 2024-11-06, Pacious Patrick, President & CEO of Choice Hotels International, executed 3 separate sales totaling 26,816 shares for $3,879,935.08 at blended average price of $144.69. The reduction represents 6.2% of pre-transaction holdings (down from 431,482 to 404,666 shares), leaving him with substantial continued ownership. The timing coincides with the stock trading at its 52-week high of $144.91, following 30-day gains of +9.5% and 90-day gains of +19.5%. Across all prior same-ticker sales at CHH, all 5 recent prior trades remain unmeasurable in outcome; his broader cross-ticker track record shows 8 prior sells with an average 30-day return of +10.4%, indicating historical post-sale stock appreciation. The sale structure (3 tranches on a single day at incrementally higher prices) and substantial remaining position (404.7K shares) are key context for investor evaluation.

Sell
10,960 shares
$1,599,387
Significance 4/10

CHH CEO Patrick sold 10,960 shares on 2024-11-04 across 4 transactions for $1,599,386.65 at blended average $145.93.

Pacious Patrick, President & CEO of Choice Hotels, executed 4 separate sales on 2024-11-04 totaling 10,960 shares ($1.6M), reducing his holdings from 415.6K to 404.7K shares (-2.6%). The sales occurred across a narrow price range ($144.65–$149.07) as the stock traded near its 52-week high of $144.48 (current price). His cross-ticker track record shows an average 30-day return of +10.4% following prior sales, but same-ticker measurable outcomes remain mixed: two recent sales on 2024-09-10 posted +11.4% and +10.5% 30-day returns, though no 90-day outcomes are yet determinable for timing assessment. The sale size represents routine portfolio activity and does not signal a material shift in conviction, given the CEO retains 404.7K shares and the stock remains near its 52-week highs with strong recent momentum (+12.3% over 30 days, +19.1% over 90 days).

September 2024
Sell
10,025 shares
$1,206,756
Significance 4/10

CHH President & CEO Pacious Patrick sold 10,025 shares at $119.82–$121.93 (blended $120.37) on 2024-09-10 for $1,206,756.05

Pacious Patrick executed three separate sales totaling 10,025 shares at blended average price $120.37 on 2024-09-10, reducing his holdings from 414,691 shares to 404,666 shares (a -2.4% reduction). The sale occurred near the 52-week high of $132.47 and above current trading price of $120.93, suggesting execution near elevated levels. No evidence of scheduled plan or regulatory rule circumstances is indicated in the filing, and the fractional (non-round-lot) share counts and multiple intraday transactions at different price points reflect discretionary rather than systematic execution. CHH's fundamentals remain solid with recent quarterly revenue of $435,156,000.00 and net income of $87,136,000.00, annual growth of +10.1%, and current P/E of 23.90 against market cap of $5,709,629,894.34. The magnitude of the sale is relatively modest relative to his retained position.

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