Form 4: RLJ Lodging Trust EVP and COO Thomas Bardenett Reports Stock Transaction
SEC Form 4 Filing
Thomas Bardenett, EVP and COO of RLJ Lodging Trust, reports the disposition of 26,952 common shares to cover tax obligations related to vesting restricted shares on May 4, 2024.
Summary
- On May 4, 2024, Thomas Bardenett, the EVP and COO of RLJ Lodging Trust, disposed of 26,952 common shares.
- The shares were surrendered to the issuer to satisfy tax withholding obligations related to the vesting of restricted common shares.
- The transaction price was $10.73 per share.
- Following the transaction, Bardenett directly owns 314,827 common shares.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock. This filing indicates routine tax obligation fulfillment related to vested equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/04/2024 | Date of transaction: disposition of common shares to cover tax obligations. |
| 05/07/2024 | Date of signature by Attorney-in-Fact. |
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