BORTZ JON E 4
4 · Pebblebrook Hotel Trust · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Pebblebrook (PEB) CEO Jon E. Bortz Buys Stock
What Happened Jon E. Bortz, Pebblebrook Hotel Trust’s Chairman, CEO and a director, made two open-market purchases of PEB common stock: 20,000 shares on 2026-06-10 at $17.23 ($344,600) and 20,000 shares on 2026-06-11 at $17.73 ($354,600), for a combined 40,000 shares worth $699,200. These were purchases (transaction code P), which retail investors generally view as more informative than routine insider sales.
Key Details
- Transaction dates and prices: 2026-06-10 — 20,000 shares @ $17.23 ($344,600); 2026-06-11 — 20,000 shares @ $17.73 ($354,600).
- Total acquired: 40,000 shares for $699,200.
- Shares owned after transaction: Not disclosed in this Form 4 filing.
- Footnotes: F1 disclaims beneficial ownership of certain shares held by an immediate family member in the same household; F2 describes LTIP Class B Units (restricted limited-partnership units convertible one-for-one to operating partnership units or cash per the partnership agreement, issued under the 2009 Equity Incentive Plan).
- Filing timeliness: Form 4 filed 2026-06-12 — reported timely under Section 16 filing rules.
Context These were straightforward open-market purchases (no option exercise, grant, gift, or tax withholding involved). The filing is factual and does not state the insider’s motivation; purchases by executives can be read by some investors as a sign of conviction, but motivations are not disclosed.
Insider Transaction Report
- Purchase
Common Shares
2026-06-10$17.23/sh+20,000$344,600→ 1,617,110 total - Purchase
Common Shares
2026-06-11$17.73/sh+20,000$354,600→ 1,637,110 total
- 200,000(indirect: By Spouse)
Common Shares
[F1] - 18,000
5.70% Series H Preferred Shares
- 643,500
LTIP Class B Units
[F2]→ Common Shares (643,500 underlying)
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 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.