RLJ Lodging Trust — Director's Dealing 2022

Feb 22, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLJ Lodging Trust (RLJ)
CIK: 0001511337
Period of Report: 2022-02-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-17	Common Shares	A	42706	$15.22	Disposed	1319843	Direct
2022-02-21	Common Shares	F	770	$14.86	Disposed	1319073	Direct
2022-02-22	Common Shares	F	642	$14.86	Disposed	1318431	Direct

Holdings (Derivative)

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

Footnotes

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

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.