Bardenett Thomas 4

What Happened

• Bardenett Thomas, EVP and COO of RLJ Lodging Trust (RLJ), was granted 103,280 restricted shares on 2026-02-20. The grant is reported at $8.23 per share for a total reported value of $849,994. This was an award/grant (acquisition) of restricted stock under the company’s equity plan, not an open-market purchase.

Key Details

• Transaction date and terms: 2026-02-20; 103,280 shares @ $8.23 per share; total value $849,994.
• Vesting: These restricted shares vest ratably over three years on each annual anniversary of the grant (per footnote).
• Plan: Granted under the RLJ Lodging Trust 2021 Equity Incentive Plan.
• Shares owned after transaction: Not disclosed on the Form 4 filing.
• Filing timeliness: Form 4 was filed on 2026-02-24 (within the standard 2-business-day reporting window), so it was filed on time.

Context

• This was a compensation grant of restricted stock that vests over time. Such awards reflect company compensation policy rather than an immediate buy/sell decision by the insider. Vesting schedule means the insider gains full ownership gradually over three years.