Form 4: RLJ Lodging Trust EVP and COO Thomas Bardenett Reports Share Transactions

Thomas Bardenett, EVP and COO of RLJ Lodging Trust, reports the acquisition and disposal of common shares, including restricted shares, on March 18, 2025.

Summary

• On March 18, 2025, Thomas Bardenett, the EVP and COO of RLJ Lodging Trust, engaged in transactions involving the company's common shares.
• He acquired 87,202 restricted shares at a price of $8.83 per share, which vest ratably over three years from the grant date.
• Additionally, he acquired 20,006 restricted common shares at $8.83 per share, which vest immediately.
• Bardenett also disposed of 9,023 common shares at $8.96 per share to cover tax withholding obligations related to the vesting of restricted shares.
• Following these transactions, Bardenett's total beneficial ownership of RLJ Lodging Trust common shares is 396,753.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation and tax obligations. There's no indication of significant positive or negative developments.

Positives

• The acquisition of restricted shares indicates confidence in the company's future performance by a key executive.

Negatives

• The disposal of shares to cover tax obligations, while routine, slightly reduces the executive's holdings.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and share ownership.

Key Dates

Keywords

RLJ Lodging Trust, Thomas Bardenett, share transactions, restricted shares, beneficial ownership, Form 4, EVP and COO