4//SEC Filing
JOHNSON ROBERT L 4
Accession 0001062993-23-013106
CIK 0001511337other
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 4:55 PM ET
Size
8.5 KB
Accession
0001062993-23-013106
Insider Transaction Report
Form 4
JOHNSON ROBERT L
DirectorExecutive Chairman
Transactions
- Award
Common Shares
2023-06-05+22,971→ 1,373,795 total - Tax Payment
Common Shares
2023-06-05$10.92/sh−5,548$60,584→ 1,368,247 total
Holdings
- 335,250
OP Units
→ Common Stock (335,250 underlying)
Footnotes (4)
- [F1]These securities were issued to the reporting person pursuant to the RLJ Lodging Trust 2021 Equity Incentive Plan, which provides for the conversion of performance units to a number of restricted common shares based on the Issuer's performance over a designated three-year performance period. 50% of the restricted common shares vested on the date of issuance, with the remaining 50% vesting on February 28, 2024, provided the reporting person remains employed by the Issuer through the vesting date.
- [F2]Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of the restricted common shares described above.
- [F3]"OP Units" represent limited partner interests of RLJ Lodging Trust, L.P., the operating partnership (the "OP") of the Issuer, of which the Issuer is the sole general partner. OP Units are redeemable beginning one year after the date of issuance for cash equal to the then current market value of one common share of the Issuer or, at the election of the Issuer, an equal number of common shares of the Issuer.
- [F4]All of these OP Units are immediately redeemable (subject to certain limitations set forth in the agreement of limited partnership of the OP). OP Units have no expiration date.
Issuer
RLJ Lodging Trust
CIK 0001511337
Entity typeother
Related Parties
1- filerCIK 0001188283
Filing Metadata
- Form type
- 4
- Filed
- Jun 6, 8:00 PM ET
- Accepted
- Jun 7, 4:55 PM ET
- Size
- 8.5 KB