Cimerola Patrick

On November 25, 2024, Patrick Cimerola exercised Choice Hotels options at two fixed strikes — $91.28 and $104.87 — and sold the resulting shares across seven separate transactions the same day, at prices ranging from $150.66 to $152.47, a $1.81 intraday spread. The strike price stayed exactly where the option grant fixed it years earlier; only the market sale price moved, in increments as small as two cents between trades, revealing real intraday price action laddered across a single trading session. Routine quarterly grants make up the rest of his recent activity, growing gradually from 1 share in January 2025 to 74 shares by July 2026 as their fixed dollar value tracked Choice Hotels' declining stock price.