JOHNSON ROBERT L 4

What Happened
Robert L. Johnson, Executive Chairman and a director of RLJ Lodging Trust (RLJ), was granted 92,952 restricted shares on February 20, 2026. The award was priced at $8.23 per share for a total grant value of $764,995. These are compensation awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-02-20; filing date: 2026-02-24 (filed within the standard reporting window).
• Shares granted: 92,952; grant price: $8.23; total value: $764,995.
• Vesting: Restricted shares vest ratably over three years on each annual anniversary of the grant (per Footnote 1).
• Plan: Granted under the RLJ Lodging Trust 2021 Equity Incentive Plan.
• OP Units: Footnotes note that “OP Units” are limited partner interests of the operating partnership, redeemable after one year for cash equal to market value or, at the issuer’s election, for common shares; OP Units referenced are immediately redeemable subject to partnership limitations (Footnotes 2–3).
• Shares owned after the transaction: Not specified in the filing.
• No indication of a sale, tax-withholding disposition, 10b5-1 plan, or cashless exercise in this filing.

Context
This is a standard executive compensation grant designed to retain and align management with shareholders; such awards are common and reflect compensation policy rather than a direct personal market bet. OP Units, when used, function like limited partner units that can be redeemed for cash or converted into common shares per the partnership terms.