Form 4: RLJ Lodging Trust Executive Chairman Robert L. Johnson Reports Tax-Related Share Surrender
SEC Form 4 Filing
Robert L. Johnson, Executive Chairman of RLJ Lodging Trust, surrendered 7,632 common shares to cover tax obligations related to vesting restricted shares on May 4, 2024.
Summary
- On May 4, 2024, Robert L. Johnson, the Executive Chairman of RLJ Lodging Trust, surrendered 7,632 common shares to the issuer.
- This transaction was to satisfy tax withholding obligations associated with the vesting of restricted common shares.
- The price per share was $10.73.
- Following the transaction, Johnson directly owns 1,413,408 common shares.
- Johnson also holds 335,250 OP Units, which are immediately redeemable for cash or common shares.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax obligations, with no significant positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related share surrender, which is common when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 05/04/2024 | Date of the transaction where shares were surrendered to cover tax obligations. |
| 05/07/2024 | Date of signature for the Form 4 filing. |
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