RLJ Chief Accounting Officer Sells Shares for Tax Withholding

What Happened
Christopher Andrew Gormsen, Chief Accounting Officer of RLJ Lodging Trust (RLJ), surrendered a total of 5,379 common shares to the company to satisfy tax withholding obligations related to the vesting of restricted shares. The surrenders occurred in two transactions: 2,774 shares on 2026-02-16 at $8.29/share ($22,996) and 2,605 shares on 2026-02-17 at $8.29/share ($21,595), for a combined value of $44,591. This was a routine tax-withholding share surrender (disposition), not an open-market sale signaling new investment.

Key Details

• Transaction dates and prices:
  • 2026-02-16: 2,774 shares at $8.29 each; $22,996.
  • 2026-02-17: 2,605 shares at $8.29 each; $21,595.
• Total surrendered: 5,379 shares, total value $44,591.
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — shares were surrendered to the issuer to satisfy tax withholding on vesting of restricted common shares.
• Filing: Report filed 2026-02-18 covering transactions on Feb 16–17; appears timely (not marked late).

Context
Code F indicates tax withholding (common when restricted stock vests). Such surrenders are routine administrative events to cover tax liabilities and do not necessarily reflect the insider’s view of the company’s outlook.