Bardenett Thomas 4

What Happened

• Thomas Bardenett, EVP and COO of RLJ Lodging Trust (RLJ), surrendered a total of 12,598 common shares to satisfy tax withholding obligations tied to the vesting of restricted common shares. The shares were disposed in two transactions at $8.29 per share for total proceeds withheld of $104,437 (7,283 shares = $60,376 on 2026-02-16; 5,315 shares = $44,061 on 2026-02-17).
• This was a tax-withholding disposition (not an open-market sale or purchase) and is a routine administrative step when restricted shares vest.

Key Details

• Transaction dates and prices:
  • 2026-02-16: 7,283 shares surrendered at $8.29 — $60,376
  • 2026-02-17: 5,315 shares surrendered at $8.29 — $44,061
• Total shares surrendered: 12,598; total value withheld: ~$104,437.
• Shares owned after the transaction: Not disclosed in the filing.
• Footnote: F1 — Shares were surrendered to the issuer to satisfy tax withholding on vesting of restricted common shares.
• Filing timeliness: Report filed 2026-02-18 for transactions on 2026-02-16 and 2026-02-17 (filed within the typical Form 4 reporting window).

Context

• These were tax-withholding dispositions (transaction code F), commonly seen when restricted stock vests. They are administrative and do not necessarily indicate the insider is reducing or increasing their broader investment view of the company.
• For retail investors, purchases are generally more informative than routine withholding surrenders; treat this as a standard vesting-related action rather than a directional trade signal.