JOHNSON ROBERT L 4
4 · RLJ Lodging Trust · Filed May 7, 2024
Insider Transaction Report
Form 4
JOHNSON ROBERT L
DirectorExecutive Chairman
Transactions
- Tax Payment
Common Shares
2024-05-04$10.73/sh−7,632$81,891→ 1,413,408 total
Holdings
- 335,250
OP Units
→ Common Stock (335,250 underlying)
Footnotes (3)
- [F1]Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted common shares.
- [F2]"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.
- [F3]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.