Robert L. Johnson - Mar 18, 2025 Form 4 Insider Report for RLJ Lodging Trust (RLJ)

Role: Executive Chairman, Director
Signature: /s/ Chad Perry, Attorney-in-Fact
Stock symbol: RLJ
Transactions as of: Mar 18, 2025
Transactions value $: $832,087
Form type: 4
Date filed: 3/20/2025, 04:46 PM
Previous filing: Feb 19, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RLJ	Common Shares	Award	$715K	+81K	+5.8%	$8.83	1.48M	Mar 18, 2025	Direct	F1
transaction	RLJ	Common Shares	Award	$230K	+26K	+1.76%	$8.83	1.5M	Mar 18, 2025	Direct	F2
transaction	RLJ	Common Shares	Tax liability	-$113K	-12.6K	-0.84%	$8.96	1.49M	Mar 18, 2025	Direct	F3

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						335K	Mar 18, 2025	Common Stock	335K		Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	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.
F2	These restricted common shares, vesting immediately, were granted to the reporting person pursuant to the RLJ Lodging Trust 2021 Equity Incentive Plan.
F3	Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of the restricted common shares described above.
F4	"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.
F5	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.