JOHNSON ROBERT L 4
4 · RLJ Lodging Trust · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
RLJ (RLJ) Exec Chairman Robert L. Johnson Surrenders 13,893 Shares
What Happened Robert L. Johnson, Executive Chairman and Director of RLJ Lodging Trust (RLJ), surrendered a total of 13,893 common shares to satisfy tax withholding obligations connected with the vesting of restricted common shares. On 2026-02-16 he surrendered 7,523 shares at $8.29 each (reported value $62,366) and on 2026-02-17 he surrendered 6,370 shares at $8.29 each (reported value $52,807). These were share surrenders for tax withholding (code F), not open-market sales.
Key Details
- Transaction dates and amounts: 2026-02-16 — 7,523 shares @ $8.29 = $62,366; 2026-02-17 — 6,370 shares @ $8.29 = $52,807. Total surrendered: 13,893 shares (~$115,173).
- Nature of transaction: Tax withholding/share surrender in connection with vesting of restricted common shares (footnote F1).
- Shares owned after the transactions: Not specified in the excerpt provided (check the full Form 4 for post-transaction holdings).
- Other footnotes in the filing: F2/F3 describe "OP Units" (redeemable limited partner units of the operating partnership) but are not directly tied to these surrender transactions.
- Timeliness: Report filed 2026-02-18 for transactions on 2026-02-16 and 02-17 — filing appears timely (Form 4 is typically due within two business days).
Context Surrendering shares to cover taxes is a routine, administrative action related to equity vesting and does not necessarily indicate a decision to liquidate holdings or a view on the company’s prospects. This was not an open-market sale but a cashless/withholding transaction to satisfy tax obligations.
Insider Transaction Report
- Tax Payment
Common Shares
[F1]2026-02-16$8.29/sh−7,523$62,366→ 1,481,980 total - Tax Payment
Common Shares
[F1]2026-02-17$8.29/sh−6,370$52,807→ 1,475,610 total
- 335,250
OP Units
[F2][F3]→ 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.