Leslie D. Hale - Jun 5, 2023 Form 4 Insider Report for RLJ Lodging Trust (RLJ)

Signature
/s/ Anita Cooke Wells, Attorney-in-Fact
Stock symbol
RLJ
Transactions as of
Jun 5, 2023
Transactions value $
-$220,464
Form type
4
Date filed
6/7/2023, 04:56 PM
Previous filing
May 8, 2023
Next filing
Jun 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLJ Common Shares Award $0 +83.6K +5.88% $0.00 1.51M Jun 5, 2023 Direct F1
transaction RLJ Common Shares Tax liability -$220K -20.2K -1.34% $10.92 1.49M Jun 5, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities were issued to the reporting person pursuant to the RLJ Lodging Trust 2021 Equity Incentive Plan, which provides for the conversion of performance units to a number of restricted common shares based on the Issuer's performance over a designated three-year performance period. 50% of the restricted common shares vested on the date of issuance, with the remaining 50% vesting on February 28, 2024, provided the reporting person remains employed by the Issuer through the vesting date.
F2 Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of the restricted common shares described above.