Jon E. Bortz - Jan 1, 2024 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
Jan 1, 2024
Transactions value $
-$192,607
Form type
4
Date filed
1/3/2024, 05:29 PM
Previous filing
Nov 14, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEB Common Shares Tax liability -$193K -12.1K -1.03% $15.98 1.15M Jan 1, 2024 Direct F1
holding PEB Common Shares 200K Jan 1, 2024 By wife F2

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 Jan 1, 2024 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 Represents Common Shares sold to the Issuer as payment of tax withholding upon vesting of 34,567 Common Shares.
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.
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.