Form 4: RLJ Lodging Trust Executive Chairman Robert L. Johnson Reports Changes in Beneficial Ownership

Robert L. Johnson, Executive Chairman of RLJ Lodging Trust, reports acquisition and disposal of common shares and holdings in OP Units.

Summary

• On March 28, 2024, Robert L. Johnson, the Executive Chairman of RLJ Lodging Trust, reported changes in his beneficial ownership of the company's securities.
• He acquired 29,218 common shares as part of the RLJ Lodging Trust 2021 Equity Incentive Plan.
• These shares vested immediately and were granted at a price of $0.
• Johnson also disposed of 14,113 common shares to satisfy tax withholding obligations related to the vesting of the restricted common shares at a price of $11.74.
• Following these transactions, Johnson beneficially owns 1,421,040 common shares.
• He also holds 335,250 OP Units, representing limited partner interests in RLJ Lodging Trust, L.P.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares through the equity incentive plan is a positive sign, while the disposal for tax obligations is a normal occurrence. Overall, it reflects standard executive compensation practices.

Positives

• The acquisition of shares through the equity incentive plan aligns the Executive Chairman's interests with those of the shareholders.
• The immediate vesting of restricted common shares suggests confidence in the company's future performance.

Negatives

• The disposal of shares to cover tax obligations, while common, slightly reduces the Executive Chairman's holdings.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding the Executive Chairman's holdings and alignment with company performance.

Key Dates