RLJ Lodging Trust — Director's Dealing 2021

May 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLJ Lodging Trust (RLJ)
CIK: 0001511337
Period of Report: 2021-04-30

Reporting Person: JOHNSON ROBERT L (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-30	Common Shares	A	4620	$16.14	Acquired	1235665	Direct
2020-04-30	Common Shares	F	1116	$16.37	Disposed	1234549	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
OP Units	$		Common Stock (335250)	335250	Direct

Footnotes

F1: These securities were issued to the reporting person pursuant to the RLJ Lodging Trust 2015 Equity Incentive Plan, which provided 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 21, 2022, 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.

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.