ROBERT L. JOHNSON - 17 Feb 2023 Form 4 Insider Report for RLJ Lodging Trust (RLJ)

Role: Executive Chairman, Director
Signature: /s/ Anita Cooke Wells, Attorney-in-Fact
Issuer symbol: RLJ
Transactions as of: 17 Feb 2023
Net transactions value: +$595,291
Form type: 4
Filing time: 22 Feb 2023, 15:30:58 UTC
Previous filing: 15 Feb 2023
Next filing: 02 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RLJ	Common Shares	Tax liability	$54,700	-4,740	-0.36%	$11.54	1,307,484	17 Feb 2023	Direct	F1
transaction	RLJ	Common Shares	Award	$649,991	+57,369	+4.4%	$11.33	1,364,853	17 Feb 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	RLJ	OP Units						335,250	17 Feb 2023	Common Stock	335,250		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted common shares.
F2	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.
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.