Jon E. Bortz - 22 Mar 2023 Form 4 Insider Report for Pebblebrook Hotel Trust (PEB)

Reporting relationship: Chairman and CEO, Director
Issuer ticker: PEB
Reported as of: 22 Mar 2023
Net transaction value: +$142,428
SEC form: 4
Accepted by SEC: 22 Mar 2023, 17:58:24 UTC
Prior SEC filing: 21 Mar 2023
Next SEC filing: 22 Jun 2023
Source filing: View source filing
Reporting owner signature: /s/ Andrew H. Dittamo, as attorney-in-fact, for Jon E Bortz

Key filing fact

Jon E. Bortz filed Form 4 for Pebblebrook Hotel Trust (PEB) on 22 Mar 2023.

Key facts

This page summarizes Jon E. Bortz's Form 4 filing for Pebblebrook Hotel Trust (PEB).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 22 Mar 2023, 17:58.

Change

Previous filing in this sequence was filed on 21 Mar 2023.
Current net transaction value: +$142,428.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PEB transaction

Common Shares

Purchase

Transaction value: $142,428
Shares: +11,000
Change %: +0.99%
Price: $12.95
Shares after: 1,122,102
Date: 22 Mar 2023
Ownership: Direct
Footnotes: F1

PEB holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 200,000
Date: 22 Mar 2023
Ownership: By wife
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PEB holding Derivative

LTIP Class B Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 308,216
Date: 22 Mar 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 308,216
Exercise price
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

This is the weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.82 to $13.14, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.

Footnote F2

The reporting person disclaims beneficial ownership of these shares held by an immediate family member sharing his household, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.

Footnote F3

Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Class B Units, upon achieving parity with the Operating Partnership's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.