Form 4: RLJ Lodging Trust EVP and CFO Sean M. Mahoney Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Sean M. Mahoney, EVP and CFO of RLJ Lodging Trust, disposed of 11,156 common shares on February 28, 2024, to cover tax withholding obligations related to vesting restricted shares.
Summary
- On February 28, 2024, Sean M. Mahoney, the EVP and CFO of RLJ Lodging Trust, disposed of 11,156 common shares.
- The transaction was executed at a price of $11.48 per share.
- This disposal was to satisfy tax withholding obligations associated with the vesting of restricted common shares.
- Following the transaction, Mahoney directly owns 418,271 common shares of RLJ Lodging Trust.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of share disposal for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal for tax purposes and does not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the transaction where 11,156 common shares were disposed of. |
| 03/01/2024 | Date of signature by Attorney-in-Fact. |
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