Bhalla Nikhil 4

What Happened

• Nikhil Bhalla, SVP, Chief Financial Officer & Treasurer of RLJ Lodging Trust (RLJ), surrendered a total of 5,718 shares to the company to satisfy tax withholding on vested restricted common shares. On 2026-02-16 he surrendered 3,162 shares at $8.29 each ($26,213) and on 2026-02-17 he surrendered 2,556 shares at $8.29 each ($21,189), for a combined value of about $47,402. These were tax-withholding dispositions (transaction code F), not open-market sales.

Key Details

• Transaction dates and prices:
  • 2026-02-16: 3,162 shares surrendered @ $8.29 = $26,213
  • 2026-02-17: 2,556 shares surrendered @ $8.29 = $21,189
• Total surrendered: 5,718 shares; total value ≈ $47,402.
• Transaction code: F (shares surrendered to satisfy tax withholding on vesting).
• Footnote: F1 indicates shares were surrendered to the issuer to satisfy tax withholding obligations for vesting restricted shares.
• Shares owned after the transactions: not disclosed in the provided filing.
• Filing: Form 4 filed 2026-02-18 reporting transactions on 2026-02-16 and 02-17; no late filing indicated in the provided data.

Context

• This was a cashless tax-withholding transaction tied to vesting of restricted shares — a routine administrative disposal that does not represent an open-market sale or an independent judgment to sell holdings. Such withholdings are common when equity awards vest and are generally not taken as a clear signal of insider sentiment.