Robert L. Johnson - Feb 28, 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 28, 2024
Transactions value $
-$137,152
Form type
4
Date filed
3/1/2024, 04:35 PM
Previous filing
Feb 21, 2024
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLJ Common Shares Tax liability -$137K -11.9K -0.84% $11.48 1.41M Feb 28, 2024 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, 2024 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.