Form 4: RLJ Lodging Trust EVP and COO Thomas Bardenett Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Thomas Bardenett, EVP and COO of RLJ Lodging Trust, disposed of 5,636 common shares to cover tax withholding obligations related to vesting restricted shares on February 28, 2024.
Summary
- On February 28, 2024, Thomas Bardenett, the EVP and COO of RLJ Lodging Trust, disposed of 5,636 common shares.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted common shares.
- The shares were disposed of at a price of $11.48 per share.
- Following the transaction, Bardenett directly owns 332,613 common shares of RLJ Lodging Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: Disposal of 5,636 common shares. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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