Hale Leslie D. 4

What Happened
Leslie D. Hale, President & CEO and a director of RLJ Lodging Trust (RLJ), was granted 163,052 restricted common shares on 2026-03-18 under the RLJ Lodging Trust 2021 Equity Incentive Plan. The grant was reported as acquired at $0.00 (restricted award). To satisfy tax withholding obligations on the vesting, 133,530 of those shares were surrendered to the company at an indicated withholding value of $7.60 per share, totaling $1,014,828. The restricted shares were noted as vesting immediately.

Key Details

• Transaction dates: 2026-03-18 (award and related withholding/surrender); Form 4 filed 2026-03-20. Filing appears timely based on those dates.
• Award: 163,052 restricted common shares granted (acquisition at $0.00). (Footnote F1)
• Tax withholding: 133,530 shares surrendered at $7.60 per share to satisfy tax withholding, proceeds/withholding = $1,014,828. (Footnote F2)
• Shares owned after transaction: not specified in the summary information provided.
• Footnotes: F1 = shares granted under 2021 Equity Incentive Plan and vesting immediately; F2 = shares surrendered to satisfy tax withholding.
• Transaction type: Award/grant (A) and tax-withholding disposition (F) — not an open-market sale.

Context
This was a vesting of restricted stock with an immediate grant and a typical company withholding of shares to cover taxes (a form of net settlement). That withholding is not an open-market sale and is common when equity awards vest. Because no open-market purchase or sale by the insider was reported, this filing should be viewed as compensation realization rather than a directional trade signal.