JOHNSON ROBERT L 4
4 · RLJ Lodging Trust · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
RLJ Lodging Trust Exec Chairman Robert L. Johnson Receives Award
What Happened
Robert L. Johnson, Executive Chairman and a director of RLJ Lodging Trust (RLJ), was granted 40,559 restricted common shares on 2026-03-18 (award code A). Immediately following vesting, he surrendered 22,495 of those shares to the company to satisfy tax withholding obligations at $7.60 per share, totaling $170,962 (disposition code F). The grant vested immediately per the filing (so this was an award/vesting event rather than an open-market purchase or sale).
Key Details
- Transaction date(s): March 18, 2026; Form 4 filed March 20, 2026 (appears timely).
- Award: 40,559 restricted common shares granted at $0.00 per share (F1 — vested immediately under the 2021 Equity Incentive Plan).
- Tax withholding: 22,495 shares surrendered to cover withholding at $7.60/sh, totaling $170,962 (F2).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notes: F1–F2 explain the restricted-share grant and withholding; F3–F4 in the filing describe OP Units but are not directly relevant to this restricted-share vesting transaction.
- Transaction codes: A = Award/Grant; F = Shares surrendered for tax withholding.
Context
This was primarily an equity award that vested and triggered tax withholding (common executive compensation mechanics). The surrender of shares to cover taxes is routine and does not necessarily indicate a change in insider sentiment; it is different from an open-market sale.
Insider Transaction Report
- Award
Common Shares
[F1]2026-03-18+40,559→ 1,609,121 total - Tax Payment
Common Shares
[F2]2026-03-18$7.60/sh−22,495$170,962→ 1,586,626 total
- 335,250
OP Units
[F3][F4]→ Common Stock (335,250 underlying)
Footnotes (4)
- [F1]These restricted common shares, vesting immediately, were granted to the reporting person pursuant to the RLJ Lodging Trust 2021 Equity Incentive Plan.
- [F2]Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted common shares.
- [F3]"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.
- [F4]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.