Robert L. Johnson - Feb 28, 2023 Form 4 Insider Report for RLJ Lodging Trust (RLJ)

Signature
/s/ Anita Cooke Wells, Attorney-in-Fact
Stock symbol
RLJ
Transactions as of
Feb 28, 2023
Transactions value $
-$73,589
Form type
4
Date filed
3/2/2023, 06:24 PM
Previous filing
Feb 22, 2023
Next filing
May 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLJ Common Shares Tax liability -$73.6K -6.4K -0.47% $11.50 1.36M Feb 28, 2023 Direct F1

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 28, 2023 Common Stock 335K Direct F2, F3
* 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 "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.
F3 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.