RLJ Lodging Trust Announces 2024 Annual Meeting of Shareholders

Ticker: RLJ-PA · Form: DEF 14A · Filed: Mar 28, 2024 · CIK: 1511337

Rlj Lodging Trust DEF 14A Filing Summary
FieldDetail
CompanyRlj Lodging Trust (RLJ-PA)
Form TypeDEF 14A
Filed DateMar 28, 2024
Risk Levellow
Pages14
Reading Time17 min
Key Dollar Amounts$1.1 billion, $425 million, $600 million, $225 million, $525 million
Sentimentneutral

Sentiment: neutral

Topics: RLJ Lodging Trust, DEF 14A, Annual Meeting, Proxy Statement, REIT

TL;DR

<b>RLJ Lodging Trust schedules its 2024 Annual Meeting of Shareholders for April 26, 2024, to be held virtually.</b>

AI Summary

RLJ Lodging Trust (RLJ-PA) filed a Proxy Statement (DEF 14A) with the SEC on March 28, 2024. RLJ Lodging Trust will hold its Annual Meeting of Shareholders on Friday, April 26, 2024, at 1:00 p.m. Eastern Time. The meeting will be conducted in a virtual-only format via live webcast. The company's portfolio as of December 31, 2023, comprised 96 hotels with 21,200 rooms. RLJ Lodging Trust is a self-advised REIT focused on premium-branded, rooms-oriented hotels in high-demand locations. The company emphasizes strong relationships with investors, management companies, brands, and associates, upholding high ethical standards.

Why It Matters

For investors and stakeholders tracking RLJ Lodging Trust, this filing contains several important signals. This filing is a proxy statement, indicating key governance and shareholder voting matters will be addressed at the meeting. The virtual format suggests a focus on accessibility and potentially cost-efficiency for shareholder participation.

Risk Assessment

Risk Level: low — RLJ Lodging Trust shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational performance indicators presented that would suggest high risk.

Analyst Insight

Shareholders should review the proxy materials to understand the proposals being voted on and to participate in the virtual annual meeting.

Key Numbers

  • 2024-04-26 — Annual Meeting Date (Date of Annual Meeting of Shareholders)
  • 96 — Hotels (Portfolio size as of 2023-12-31)
  • 21,200 — Rooms (Portfolio size as of 2023-12-31)

Key Players & Entities

  • RLJ Lodging Trust (company) — Registrant name
  • April 26, 2024 (date) — Date of Annual Meeting
  • 1:00 p.m. Eastern Time (time) — Time of Annual Meeting
  • December 31, 2023 (date) — Portfolio summary date
  • 96 (number) — Number of hotels in portfolio
  • 21,200 (number) — Number of rooms in portfolio
  • NYSE (company) — Stock exchange
  • RLJ (ticker) — Stock ticker

FAQ

When did RLJ Lodging Trust file this DEF 14A?

RLJ Lodging Trust filed this Proxy Statement (DEF 14A) with the SEC on March 28, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by RLJ Lodging Trust (RLJ-PA).

Where can I read the original DEF 14A filing from RLJ Lodging Trust?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by RLJ Lodging Trust.

What are the key takeaways from RLJ Lodging Trust's DEF 14A?

RLJ Lodging Trust filed this DEF 14A on March 28, 2024. Key takeaways: RLJ Lodging Trust will hold its Annual Meeting of Shareholders on Friday, April 26, 2024, at 1:00 p.m. Eastern Time.. The meeting will be conducted in a virtual-only format via live webcast.. The company's portfolio as of December 31, 2023, comprised 96 hotels with 21,200 rooms..

Is RLJ Lodging Trust a risky investment based on this filing?

Based on this DEF 14A, RLJ Lodging Trust presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational performance indicators presented that would suggest high risk.

What should investors do after reading RLJ Lodging Trust's DEF 14A?

Shareholders should review the proxy materials to understand the proposals being voted on and to participate in the virtual annual meeting. The overall sentiment from this filing is neutral.

Risk Factors

  • Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and filings.
  • Hotel Operations and Management [medium — operational]: The performance of the company's hotels is dependent on the effectiveness of the management companies and brand partners.
  • Real Estate Investment Trust (REIT) Structure [medium — financial]: As a REIT, the company is subject to specific tax laws and requirements that impact its financial structure and operations.

Key Dates

  • 2024-04-26: Annual Meeting of Shareholders — Shareholders will vote on corporate matters and elect directors.

Glossary

REIT
Real Estate Investment Trust (RLJ Lodging Trust operates as a REIT, which has specific tax and operational implications.)
RevPAR
Revenue Per Available Room (A key performance indicator for hotels, reflecting occupancy and average daily rate.)
DEF 14A
Definitive Proxy Statement (This filing type indicates the company is soliciting shareholder votes for its annual meeting.)

Filing Stats: 4,311 words · 17 min read · ~14 pages · Grade level 16.2 · Accepted 2024-03-28 16:15:44

Key Financial Figures

  • $1.1 billion — g financial position with approximately $1.1 billion of liquidity, which provides significan
  • $425 million — Specifically, during 2023, we extended $425 million of debt, recast our $600 million corpor
  • $600 million — tended $425 million of debt, recast our $600 million corporate revolver, entered into a new
  • $225 million — corporate revolver, entered into a new $225 million term loan and entered into $525 million
  • $525 million — $225 million term loan and entered into $525 million of interest rate swaps. We ended 2023 w
  • $10.20 — million common shares at an attractive $10.20 per share and doubling our quarterly co

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 41 Proposal 3—Non-Binding Vote to Approve Named Executive Officer Compensation 42 Proposal 4—Non-Binding Advisory Vote on the Frequency of Say-On-Pay Advisory Votes 43 Compensation Discussion and Analysis 60 Compensation Committee Report 60 Compensation Tables and Related Information 76 Pay for Performance Disclosure 80 STOCK OWNERSHIP INFORMATION 80

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 81 Certain Relationships and Related Party Transactions 84 INFORMATION ABOUT THE ANNUAL MEETING AND VOTING 84 Information Concerning Solicitation and Voting 84 About the Meeting 90 ADDITIONAL INFORMATION 90 Other Matters to Come Before the 2024 Annual Meeting 90 Shareholder Proposals and Nominations for the 2025 Annual Meeting 90 Householding of Proxy Materials 2024 PROXY STATEMENT | i TABLE OF CONTENTS PROXY SUMMARY This summary highlights certain information contained in this Proxy Statement. This summary does not contain all of the information that you should consider, and you should read the entire Proxy Statement carefully before voting. "We," "our," "us" and the "Company" refer to RLJ Lodging Trust. This Proxy Statement, the proxy card and our 2023 Annual Report to Shareholders are first being made available to our shareholders on or about Thursday, March 28, 2024. RLJ Lodging Trust 2024 Annual Meeting of Shareholders WHEN Friday, April 26, 2024 at 1:00 p.m. Eastern Time WHERE The meeting will be held in a virtual-only format through a live webcast; you will be able to participate by first registering at http://register.proxypush.com/RLJ RECORD DATE Shareholders of record at the close of business Tuesday, March 12, 2024, are entitled to vote Matters to Be Voted on at the Annual Meeting Proposal Board Recommendation See page 1 To elect nine trustees nominated by the Board and named in this Proxy Statement FOR EACH TRUSTEE NOMINEE 9 2 To ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2024 FOR 37 3 To approve, on a non-binding advisory basis, the compensation of our named executive officers FOR 41 4 To recommend, on a non-binding advisory basis, the frequency of the advisory vote related to the compensation of

Executive Compensation Highlights

Executive Compensation Highlights We believe one of the primary goals of executive compensation is to align the interests of our NEOs with those of our shareholders. Specifically, this alignment encourages prudent decision-making and allows us to attract and retain talented, diverse executives in an increasingly competitive landscape. 2023 Say-on-Pay and Shareholder Engagement Every year, the Company provides shareholders the opportunity to vote on its executive compensation program in an advisory capacity. In 2023, our Say-on-Pay vote received over 92% approval. Our senior executives regularly engage with shareholders. Our Treasurer and Investor Relations team members also spend meaningful time connecting with shareholders throughout the year. When appropriate, members of our Board may participate. The management team proactively sought opportunities throughout 2023 to engage with stakeholder

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.