Form 4: RLJ Lodging Trust EVP and COO Thomas Bardenett Reports Stock Disposals for Tax Obligations

Thomas Bardenett, EVP and COO of RLJ Lodging Trust, reported the disposal of common shares to cover tax withholding obligations related to vesting restricted shares.

Summary

• On February 16 and 17, 2025, Thomas Bardenett, the EVP and COO of RLJ Lodging Trust, disposed of common shares to satisfy tax withholding obligations.
• The disposals were related to the vesting of restricted common shares.
• A total of 6,989 shares were disposed of on February 16, 2025, and 3,957 and 5,313 shares were disposed of on February 17, 2025.
• All shares were disposed of at a price of $9.56.
• Following these transactions, Bardenett directly owns 298,568 common shares of RLJ Lodging Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations. It's common for executives to sell shares to cover taxes associated with vesting equity awards.

Stakeholder Impact

• The disposal of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's overall performance.

Key Dates

Keywords

RLJ Lodging Trust, Thomas Bardenett, Form 4, Stock Disposal, Tax Withholding, Common Shares, Beneficial Ownership