Jon E. Bortz - Nov 13, 2023 Form 4 Insider Report for Pebblebrook Hotel Trust (PEB)

Role
Chairman and CEO, Director
Signature
/s/ Andrew H. Dittamo, as attorney-in-fact, for Jon E Bortz
Stock symbol
PEB
Transactions as of
Nov 13, 2023
Transactions value $
$261,700
Form type
4
Date filed
11/14/2023, 09:09 AM
Previous filing
Nov 13, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEB 6.375% Series G Preferred Shares Purchase $53.7K +3K +75% $17.90 7K Nov 13, 2023 Direct
transaction PEB 5.70% Series H Preferred Shares Purchase $208K +13K +144.44% $16.00 22K Nov 13, 2023 Direct F2
holding PEB Common Shares 1.17M Nov 13, 2023 Direct
holding PEB Common Shares 200K Nov 13, 2023 By wife F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding PEB LTIP Class B Units 308K Nov 13, 2023 Common Shares 308K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $15.98 to $16.00, 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.
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.