Robert L. Johnson - Feb 17, 2023 Form 4 Insider Report for RLJ Lodging Trust (RLJ)

Role
Executive Chairman, Director
Signature
/s/ Anita Cooke Wells, Attorney-in-Fact
Stock symbol
RLJ
Transactions as of
Feb 17, 2023
Transactions value $
$595,291
Form type
4
Date filed
2/22/2023, 03:30 PM
Previous filing
Feb 15, 2023
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLJ Common Shares Tax liability -$54.7K -4.74K -0.36% $11.54 1.31M Feb 17, 2023 Direct F1
transaction RLJ Common Shares Award $650K +57.4K +4.39% $11.33 1.36M Feb 17, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding RLJ OP Units 335K Feb 17, 2023 Common Stock 335K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted common shares.
F2 These restricted shares, vesting ratably over three years on the yearly anniversary of the date of grant, were granted to the reporting person pursuant to the RLJ Lodging Trust 2021 Equity Incentive Plan.
F3 "OP Units" represent limited partner interests of RLJ Lodging Trust, L.P., the operating partnership (the "OP") of the Issuer, of which the Issuer is the sole general partner. OP Units are redeemable beginning one year after the date of issuance for cash equal to the then current market value of one common share of the Issuer or, at the election of the Issuer, an equal number of common shares of the Issuer.
F4 All of these OP Units are immediately redeemable (subject to certain limitations set forth in the agreement of limited partnership of the OP). OP Units have no expiration date.