Hale Leslie D. 4

What Happened

• Leslie D. Hale, President & CEO and a director of RLJ Lodging Trust (RLJ), surrendered a total of 65,640 common shares to the company to satisfy tax withholding tied to the vesting of restricted common shares.
• Transactions: 28,501 shares on 2026-02-16 at $8.29 each (value $236,273) and 37,139 shares on 2026-02-17 at $8.29 each (value $307,882). Total value surrendered ≈ $544,155.
• This was not a discretionary open‑market sale but a routine share surrender for tax withholding (transaction code F).

Key Details

• Transaction dates and prices:
  • 2026-02-16: 28,501 shares @ $8.29 = $236,273
  • 2026-02-17: 37,139 shares @ $8.29 = $307,882
• Footnote: F1 — shares were surrendered to the issuer to satisfy tax withholding obligations related to vesting of restricted common shares.
• Shares owned after transaction: not specified in the information provided in this summary (refer to the full Form 4 for post-transaction holdings).
• Filing: Form 4 filed 2026-02-18 reporting the 02-16 and 02-17 transactions; this appears to be a timely filing (filed within the typical two-business-day window).

Context

• This type of transaction is a tax-withholding surrender (similar to a cashless exercise for restricted stock vesting) and is generally considered routine compensation-related activity rather than a signal of the insider’s view on the company’s stock.
• For retail investors, purchases and open-market sales are typically more informative about insider sentiment than tax-withholding surrenders.