Thomas Bardenett - Jun 5, 2023 Form 4 Insider Report for RLJ Lodging Trust (RLJ)

Role: EVP and COO
Signature: /s/ Anita Cooke Wells, Attorney-in-Fact
Stock symbol: RLJ
Transactions as of: Jun 5, 2023
Transactions value $: -$24,242
Form type: 4
Date filed: 6/7/2023, 04:57 PM
Previous filing: May 8, 2023
Next filing: Feb 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RLJ	Common Shares	Award	$0	+9.85K	+3.59%	$0.00	284K	Jun 5, 2023	Direct	F1
transaction	RLJ	Common Shares	Tax liability	-$24.2K	-2.22K	-0.78%	$10.92	282K	Jun 5, 2023	Direct	F2

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

Explanation of Responses:

Id	Content
F1	These securities were issued to the reporting person pursuant to the RLJ Lodging Trust 2021 Equity Incentive Plan, which provides for the conversion of performance units to a number of restricted common shares based on the Issuer's performance over a designated three-year performance period. 50% of the restricted common shares vested on the date of issuance, with the remaining 50% vesting on February 28, 2024, provided the reporting person remains employed by the Issuer through the vesting date.
F2	Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of the restricted common shares described above.

Content

These securities were issued to the reporting person pursuant to the RLJ Lodging Trust 2021 Equity Incentive Plan, which provides for the conversion of performance units to a number of restricted common shares based on the Issuer's performance over a designated three-year performance period. 50% of the restricted common shares vested on the date of issuance, with the remaining 50% vesting on February 28, 2024, provided the reporting person remains employed by the Issuer through the vesting date.

Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of the restricted common shares described above.