BORTZ JON E 4
Research Summary
AI-generated summary
Pebblebrook (PEB) CEO Jon E. Bortz Buys 40,000 Shares
What Happened
- Jon E. Bortz, Chairman and CEO (also a director) of Pebblebrook Hotel Trust (PEB), made two open-market purchases of company stock: 20,000 shares on 2026-06-08 at $16.84 ($336,800) and 20,000 shares on 2026-06-09 at $17.09 ($341,800), for a combined purchase of 40,000 shares worth $678,600. These were purchases (transaction code P), which are often viewed as a bullish signal when insiders buy shares.
Key Details
- Transaction dates and prices:
- 2026-06-08: 20,000 shares @ $16.84 = $336,800
- 2026-06-09: 20,000 shares @ $17.09 = $341,800
- Total purchased: 40,000 shares for $678,600.
- Shares owned after the transactions: not specified in the filing.
- Footnotes of note:
- F1: Bortz disclaims beneficial ownership of certain shares held by an immediate family member in his household.
- F2: The filing also references vested LTIP Class B Units (restricted limited partnership units) that can convert to Operating Partnership units or cash under the partnership agreement; these are equity awards separate from the open-market purchases.
- Timeliness: The report covers transactions on 2026-06-08 and was filed on 2026-06-09, within the typical Section 16 reporting window (timely).
Context
- These were straight purchases reported as "P" (open-market/private purchase), not option exercises or awards. No sales, gifts, or immediate dispositions were reported alongside these buys.
- For retail investors, insider purchases can signal confidence but should be considered alongside other research (company fundamentals, market conditions, and size of stake).