BORTZ JON E 4

4 · Pebblebrook Hotel Trust · Filed Feb 9, 2026

AI-generated summary of this filing

Updated Feb 9, 2026

Pebblebrook (PEB) CEO Jon E. Bortz Receives 127,369 Unit Award

What Happened

Jon E. Bortz, Chairman, CEO and Director of Pebblebrook Hotel Trust (PEB), was granted 127,369 restricted LTIP Class B units (a derivative award) on February 5, 2026. The units were reported at $0.00 on the Form 4 (award/derivative transaction), so the filing shows no cash paid at grant. These LTIP Class B units may be exchanged for Operating Partnership common units (one-for-one) or an equivalent cash amount when they achieve parity per the partnership agreement.

Key Details

Transaction date: 2026-02-05; Form 4 filed: 2026-02-09 (timely filing within required period).
Reported price: $0.00 (award/derivative — code A on Form 4).
Units granted: 127,369 LTIP Class B Units (restricted units of limited partnership interest).
Vesting schedule: 42,457 units vest on 1/1/2027; 42,456 units vest on 1/1/2028; 42,456 units vest on 1/1/2029, subject to continued service.
Shares/units owned after transaction: Not specified in the provided filing excerpt.
Footnotes:
- F1: Reporting person disclaims beneficial ownership of shares held by an immediate family member in the same household.
- F2: LTIP Class B Units can convert one-for-one to Operating Partnership common units (or cash at OP's option) when parity is achieved; no expiration date; issued under the issuer's 2009 Equity Incentive Plan.

Context

This is a compensation award (derivative restricted units), not an open-market purchase or sale. Such awards are common for executive compensation and do not necessarily signal immediate buying or selling of company stock. The units vest over three years and only convert to Operating Partnership common units (or cash) upon meeting parity conditions and subject to continued service.

Form 4

Period: 2026-02-05

DirectorChairman and CEO

Transactions

Award
LTIP Class B Units
[F2]
2026-02-05+127,369→ 643,500 total
→ Common Shares (127,369 underlying)

Holdings

Footnotes (2)

[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]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. 42,457, 42,456 and 42,456 LTIP Class B Units will vest on January 1, 2027, January 1, 2028, and January 1, 2029, 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.

Signature

/s/ Andrew H. Dittamo, as attorney-in-fact for Jon E Bortz|2026-02-09

1 file