JOHNSON ROBERT L 4

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.