Jon E. Bortz - 07 Feb 2025 Form 4 Insider Report for Pebblebrook Hotel Trust (PEB)

Reporting relationship: Chairman and CEO, Director
Issuer ticker: PEB
Reported as of: 07 Feb 2025
Net transaction value: -$146,418
SEC form: 4
Accepted by SEC: 11 Feb 2025, 16:23:42 UTC
Prior SEC filing: 03 Jan 2025
Next SEC filing: 07 Mar 2025
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 11 Feb 2025.

Key facts

This page summarizes Jon E. Bortz's Form 4 filing for Pebblebrook Hotel Trust (PEB).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 11 Feb 2025, 16:23.

Change

Previous filing in this sequence was filed on 03 Jan 2025.
Current net transaction value: -$146,418.

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

Award

Transaction value: $0
Shares: +23,968
Change %: +1.7%
Price: $0.000000
Shares after: 1,410,540
Date: 07 Feb 2025
Ownership: Direct
Footnotes: F1

PEB transaction

Common Shares

Tax liability

Transaction value: $146,418
Shares: -11,430
Change %: -0.81%
Price: $12.81
Shares after: 1,399,110
Date: 07 Feb 2025
Ownership: Direct
Footnotes: F2

PEB holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 200,000
Date: 07 Feb 2025
Ownership: By wife
Footnotes: F3

PEB holding

5.70% Series H Preferred Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 18,000
Date: 07 Feb 2025
Ownership: Direct

Reported derivative securities

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

PEB transaction Derivative

LTIP Class B Units

Award

Transaction value: $0
Shares: +112,168
Change %: +28%
Price: $0.000000
Shares after: 516,131
Date: 07 Feb 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 112,168
Exercise price
Footnotes: F4

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The Common Shares were issued to the reporting person upon certification by the Compensation Committee of the Board of the extent to which the performance objectives of the performance-based equity incentive award made in May 2022 to the reporting person had been achieved. The reporting person earned 32.0% of the target number of Common Shares issuable pursuant to the award. For more information on the performance-based equity incentive award, including the performance objectives and measurement period, see the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on March 31, 2023.

Footnote F2

Represents Common Shares sold to the Issuer as payment of tax upon vesting of 23,968 Common Shares.

Footnote F3

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 F4

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 the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 37,390, 37,389 and 37,389 LTIP Class B Units will vest on January 1, 2026, January 1, 2027, and January 1, 2028, respectfully, subject to the reporting person's continued service as an employee of the Issuer. The LTIP Class B Units have no expiration date. The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.