Robert L. Johnson - Feb 16, 2024 Form 4 Insider Report for RLJ Lodging Trust (RLJ)

Role
Executive Chairman, Director
Signature
/s/ Chad Perry, Attorney-in-Fact
Stock symbol
RLJ
Transactions as of
Feb 16, 2024
Transactions value $
$580,730
Form type
4
Date filed
2/21/2024, 05:36 PM
Previous filing
Jun 12, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLJ Common Shares Award $715K +61.1K +4.47% $11.70 1.43M Feb 16, 2024 Direct F1
transaction RLJ Common Shares Tax liability -$134K -11.5K -0.8% $11.70 1.42M Feb 17, 2024 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 16, 2024 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 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.
F2 Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of the restricted common shares previously granted.
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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney