RLJ Lodging Trust (RLJ) EVP disposes shares for tax withholding
Rhea-AI Filing Summary
RLJ Lodging Trust’s EVP and COO Thomas Bardenett reported two Form 4 transactions involving common shares used to cover taxes on vested equity. On February 16 and 17, he disposed of 7,283 and 5,315 common shares, respectively, at $8.29 per share through tax-withholding surrenders to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,598 shares
Net Sell
2 txns
Insider
Bardenett Thomas
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 5,315 | $8.29 | $44K |
| Exercise Price or Tax Liability | Common Shares | 7,283 | $8.29 | $60K |
Holdings After Transaction:
Common Shares — 384,155 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 insider transactions did RLJ Lodging Trust (RLJ) report for Thomas Bardenett?
RLJ Lodging Trust reported that EVP and COO Thomas Bardenett disposed of common shares in two transactions. These were tax-withholding surrenders tied to restricted share vesting, not open-market sales, according to the Form 4 details and accompanying footnote.
Were the RLJ Lodging Trust (RLJ) insider transactions open-market sales?
No, the transactions were not open-market sales. The filing describes them as dispositions coded “F,” meaning payment of tax liability by delivering securities, and the footnote states shares were surrendered to RLJ to cover tax withholding on restricted share vesting.
What does transaction code “F” mean in the RLJ Lodging Trust Form 4?
Transaction code “F” indicates a tax-withholding disposition, where shares are delivered to the issuer to pay the exercise price or tax liability. The RLJ filing specifies the shares satisfied tax withholding obligations from vesting restricted common shares.
What role does Thomas Bardenett hold at RLJ Lodging Trust (RLJ)?
Thomas Bardenett is reported as EVP and COO of RLJ Lodging Trust. The Form 4 identifies him as an officer, and the transactions involve his directly owned common shares used to satisfy tax obligations on equity compensation vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.