Robert L. Johnson - Feb 28, 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 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.