[Form 4] RLJ Lodging Trust Insider Trading Activity
RLJ Lodging Trust executive chairman Robert L. Johnson reported tax-related share dispositions.
Sentiment and the balance of points
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Rhea-AI Filing Summary
RLJ Lodging Trust executive chairman Robert L. Johnson reported tax-related share dispositions. On February 16 and 17, he surrendered 7,523 and 6,370 common shares, respectively, at $8.29 per share to cover tax withholding on vesting restricted shares, leaving 1,475,610 common shares held directly. He also reports holding 335,250 OP Units, which are redeemable for cash or an equal number of common shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 6,370 | $8.29 | $53K |
| Exercise Price or Tax Liability | Common Shares | 7,523 | $8.29 | $62K |
| holding | OP Units | -- | -- | -- |
Footnotes (3)
- F1. Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted common shares.
- F2. "OP Units" represent limited partner interests of RLJ Lodging Trust, L.P., the operating partnership (the "OP") of the Issuer, of which the Issuer is the sole general partner. OP Units are redeemable beginning one year after the date of issuance for cash equal to the then current market value of one common share of the Issuer or, at the election of the Issuer, an equal number of common shares of the Issuer.
- F3. All of these OP Units are immediately redeemable (subject to certain limitations set forth in the agreement of limited partnership of the OP). OP Units have no expiration date.
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