RLJ Lodging Trust (RLJ) CAO surrenders shares to cover tax withholding
Rhea-AI Filing Summary
RLJ Lodging Trust’s Chief Accounting Officer Christopher Andrew Gormsen reported two tax-related share dispositions. On February 16 and 17, common shares were surrendered to the company at $8.29 per share to cover tax withholding on vested restricted common shares, leaving him with 187,187 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,379 shares
Net Sell
2 txns
Insider
Gormsen Christopher Andrew
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 2,605 | $8.29 | $22K |
| Exercise Price or Tax Liability | Common Shares | 2,774 | $8.29 | $23K |
Holdings After Transaction:
Common Shares — 187,187 shares (Direct)
Footnotes (1)
- F1. Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted common shares.
FAQ
What did RLJ Lodging Trust’s CAO report on this Form 4?
RLJ Lodging Trust’s Chief Accounting Officer reported disposing of common shares to cover tax withholding. The shares were surrendered back to the company in connection with the vesting of restricted common shares, rather than being sold in open-market transactions.
Were the RLJ CAO’s Form 4 transactions open-market sales?
No, the transactions were not open-market sales. The Form 4 and its footnote state the common shares were surrendered to RLJ Lodging Trust solely to satisfy tax withholding obligations tied to the vesting of restricted common shares.
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