Was the RLJ Lodging Trust Form 4 transaction a stock purchase or a share grant?

The Form 4 shows a share grant, not an open-market purchase. Leslie D. Hale acquired 385,783 restricted common shares as a grant under RLJ Lodging Trust’s 2021 Equity Incentive Plan, classified as a "Grant, award, or other acquisition" rather than a discretionary stock buy.

What are the vesting terms of Leslie D. Hale’s RLJ Lodging Trust restricted share grant?

The 385,783 restricted common shares vest ratably over three years. Vesting occurs in equal portions on each yearly anniversary of the February 20, 2026 grant date, pursuant to the RLJ Lodging Trust 2021 Equity Incentive Plan described in the Form 4 footnote.

RLJ Lodging Trust (RLJ) CEO awarded 385,783 restricted shares under 2021 equity plan

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Hale Leslie D. reported acquisition or exercise transactions in this Form 4 filing.

RLJ Lodging Trust reported that President and CEO Leslie D. Hale received a grant of 385,783 common shares on February 20, 2026. The shares were valued at $8.23 per share for reporting purposes, and Hale held 2,141,414 common shares following the award.

These are restricted shares that vest in equal installments over three years on each yearly anniversary of the grant date, under the RLJ Lodging Trust 2021 Equity Incentive Plan. This reflects equity-based compensation rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hale Leslie D.

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	385,783	$8.23	$3.17M

Holdings After Transaction: Common Shares — 2,141,414 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/24/2026 - 04:16 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Hale Leslie D.

(Last)

(First)

(Middle)

C/O RLJ LODGING TRUST

7373 WISCONSIN AVE., SUITE 1500

(Street)

BETHESDA

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	02/20/2026		A		385,783⁽¹⁾	A	$8.23	2,141,414	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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	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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did RLJ Lodging Trust (RLJ) CEO Leslie D. Hale report on this Form 4?

Leslie D. Hale reported receiving a grant of 385,783 RLJ Lodging Trust common shares as equity compensation. The award was reported at a value of $8.23 per share and increased her total directly held shares to 2,141,414 after the transaction.

How many RLJ Lodging Trust shares does CEO Leslie D. Hale own after this grant?

After the reported grant, Leslie D. Hale directly holds 2,141,414 common shares of RLJ Lodging Trust. This total includes the newly granted 385,783 restricted shares that vest over three years, as disclosed in the Form 4 filing’s ownership details.

Under which plan were the RLJ Lodging Trust shares granted to CEO Leslie D. Hale?

The restricted shares were granted under the RLJ Lodging Trust 2021 Equity Incentive Plan. This plan provides equity-based awards, and the Form 4 specifies that the 385,783 restricted shares to Leslie D. Hale are subject to three-year, ratable, annual vesting conditions.

What transaction code appears on Leslie D. Hale’s RLJ Lodging Trust Form 4?

The Form 4 uses transaction code "A," indicating a grant, award, or other acquisition of securities. In this case, it represents the grant of 385,783 restricted common shares to CEO Leslie D. Hale as part of RLJ Lodging Trust’s equity incentive compensation.