RLJ Lodging (NYSE: RLJ) awards 57,715 restricted shares to EVP McKalip

Rhea-AI Filing Summary

McKalip Frederick D. reported acquisition or exercise transactions in this Form 4 filing.

RLJ Lodging Trust granted EVP, General Counsel and Corporate Secretary Frederick D. McKalip 57,715 common shares on February 20, 2026 as a restricted stock award under the RLJ Lodging Trust 2021 Equity Incentive Plan. These restricted shares vest ratably over three years on each anniversary of the grant date. Following this grant, McKalip directly owns 280,304 common shares of RLJ Lodging Trust.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McKalip Frederick D.

(Last) (First) (Middle)

C/O RLJ LODGING TRUST

7373 WISCONSIN AVE., SUITE 1500

(Street)

BETHESDA MD 20814

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RLJ Lodging Trust [ RLJ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Gen. Counsel & Corp. Sec.

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	02/20/2026		A		57,715(1)	A	$8.23	280,304	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These restricted shares, vesting ratably over three years on the yearly anniversary of the date of grant, were granted to the reporting person pursuant to the RLJ Lodging Trust 2021 Equity Incentive Plan.

	/s/ Leslie D. Hale, Attorney-in-Fact	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did RLJ (RLJ Lodging Trust) disclose in this Form 4 for Frederick D. McKalip?

RLJ Lodging Trust reported that EVP, General Counsel and Corporate Secretary Frederick D. McKalip received a grant of 57,715 restricted common shares. The award was made under the RLJ Lodging Trust 2021 Equity Incentive Plan as part of his equity-based compensation.

How many RLJ Lodging Trust shares were granted to Frederick D. McKalip?

Frederick D. McKalip was granted 57,715 common shares of RLJ Lodging Trust. The filing lists these as a restricted stock award, increasing his direct holdings to 280,304 common shares immediately after the transaction was recorded.

What is the nature of the RLJ restricted share award to Frederick D. McKalip?

The award consists of restricted common shares that vest ratably over three years. Vesting occurs on each yearly anniversary of the February 20, 2026 grant date, pursuant to the RLJ Lodging Trust 2021 Equity Incentive Plan’s standard vesting schedule.

At what price per share was the RLJ Lodging Trust grant recorded?

The restricted share grant to Frederick D. McKalip was recorded at a price of $8.23 per common share. This figure appears in the transaction details but reflects the award’s accounting value, not an open-market purchase price.

How many RLJ Lodging Trust shares does Frederick D. McKalip own after this grant?

After receiving the 57,715 restricted shares, Frederick D. McKalip directly holds 280,304 common shares of RLJ Lodging Trust. This post-transaction ownership figure comes from the Form 4 and reflects his updated direct equity stake.

Under which plan were the RLJ restricted shares granted to Frederick D. McKalip?

The restricted shares were granted under the RLJ Lodging Trust 2021 Equity Incentive Plan. The footnote explains that the award is structured to vest ratably over three years, aligning with the plan’s equity incentive framework for executives.