Form 4: RLJ Lodging Trust Executive Surrenders Shares for Tax Obligations
SEC Form 4
Chad Perry, EVP, GC & Corp Secretary of RLJ Lodging Trust, surrendered 5,179 common shares to cover tax obligations related to vesting restricted shares on February 16, 2025.
Summary
- On February 16, 2025, Chad Perry, an executive at RLJ Lodging Trust, surrendered 5,179 common shares to the issuer.
- This transaction was to satisfy tax withholding obligations related to the vesting of restricted common shares.
- The shares were surrendered at a price of $9.56 per share.
- Following the transaction, Perry directly owns 132,179 common shares of RLJ Lodging Trust.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is a standard practice where shares are surrendered to cover tax obligations upon vesting of restricted stock.
Key Dates
| Date | Description |
|---|---|
| 02/16/2025 | Date of transaction: Chad Perry surrendered 5,179 common shares to satisfy tax obligations. |
| 02/19/2025 | Date of signature: Form 4 signed by Leslie D. Hale, Attorney-in-Fact. |
Keywords
RLJ Lodging Trust, Chad Perry, Form 4, Share Surrender, Tax Obligations, Executive Compensation, Beneficial Ownership, Restricted Shares, Vesting
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.