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RLJ Lodging Trust·4

Mar 20, 4:08 PM ET

JOHNSON ROBERT L 4

Research Summary

AI-generated summary

Updated

RLJ Lodging Trust Exec Chairman Robert L. Johnson Receives Award

What Happened
Robert L. Johnson, Executive Chairman and a director of RLJ Lodging Trust (RLJ), was granted 40,559 restricted common shares on 2026-03-18 (award code A). Immediately following vesting, he surrendered 22,495 of those shares to the company to satisfy tax withholding obligations at $7.60 per share, totaling $170,962 (disposition code F). The grant vested immediately per the filing (so this was an award/vesting event rather than an open-market purchase or sale).

Key Details

  • Transaction date(s): March 18, 2026; Form 4 filed March 20, 2026 (appears timely).
  • Award: 40,559 restricted common shares granted at $0.00 per share (F1 — vested immediately under the 2021 Equity Incentive Plan).
  • Tax withholding: 22,495 shares surrendered to cover withholding at $7.60/sh, totaling $170,962 (F2).
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Notes: F1–F2 explain the restricted-share grant and withholding; F3–F4 in the filing describe OP Units but are not directly relevant to this restricted-share vesting transaction.
  • Transaction codes: A = Award/Grant; F = Shares surrendered for tax withholding.

Context
This was primarily an equity award that vested and triggered tax withholding (common executive compensation mechanics). The surrender of shares to cover taxes is routine and does not necessarily indicate a change in insider sentiment; it is different from an open-market sale.