RLJ Lodging Trust enters amended employment agreements with Chairman Johnson and CFO Mahoney

RLJ Lodging Trust

Executive Chairman Robert L. Johnson gets new 3-year term; base salary $500,000, bonus opportunities up to 225% of base salary.
CFO Sean Mahoney gets 2-year term with auto-renewal; base salary $540,750, target bonus 100% of base salary.
Both agreements effective November 1, 2021; terms substantially identical to prior agreements.
Johnson severance includes 36 months base salary (24 months after 2-year anniversary) and equity acceleration.
Mahoney severance includes 24 months base salary plus pro-rated bonus and equity treatment per agreement.

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