RLJ Lodging Trust (NYSE: RLJ) awards shares, covers tax with stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RLJ Lodging Trust Chief Accounting Officer Christopher Andrew Gormsen reported equity compensation activity in company common shares. He received a grant of 15,599 restricted common shares that vested immediately under the RLJ Lodging Trust 2021 Equity Incentive Plan. To satisfy related tax withholding obligations, 7,821 common shares were surrendered to the issuer at $7.60 per share, rather than sold on the open market. After these transactions, Gormsen directly holds 231,417 common shares of RLJ Lodging Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gormsen Christopher Andrew
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 15,599 | $0.00 | -- |
| Tax Withholding | Common Shares | 7,821 | $7.60 | $59K |
Holdings After Transaction:
Common Shares — 239,238 shares (Direct)
Footnotes (1)
- These restricted common shares, vesting immediately, were granted to the reporting person pursuant to the RLJ Lodging Trust 2021 Equity Incentive Plan. Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted common shares.
FAQ
What insider transactions did RLJ (RLJ Lodging Trust) report for its Chief Accounting Officer?
RLJ Lodging Trust reported that Chief Accounting Officer Christopher Andrew Gormsen received a grant of 15,599 restricted common shares, which vested immediately. He also surrendered 7,821 shares back to the company to cover tax withholding tied to the vesting, a routine non-market event.
Are the RLJ Lodging Trust insider transactions open-market buys or sales?
The RLJ Lodging Trust transactions reflect equity compensation and tax withholding, not open-market trades. The executive received 15,599 restricted common shares as a grant, and 7,821 shares were surrendered back to the issuer solely to satisfy tax withholding requirements on the vested shares.