BORTZ JON E 4
4 · Pebblebrook Hotel Trust · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Pebblebrook (PEB) CEO Jon E. Bortz Buys 20,000 Shares
What Happened
Jon E. Bortz, Chairman and CEO of Pebblebrook Hotel Trust, reported an open-market purchase of 20,000 shares on June 12, 2026, at $18.18 per share for a total reported value of $363,600. This transaction is a straight purchase (code P) — purchases are often watched by investors as a sign of insider buying activity, though filings are factual and do not state motivation.
Key Details
- Transaction date and price: 2026-06-12; 20,000 shares at $18.18 each.
- Total value: $363,600.
- Filing date (Form 4): 2026-06-15 (three calendar days after the transaction date).
- Shares owned after transaction: not specified in the provided summary of the filing.
- Footnote F1: Bortz disclaims beneficial ownership of shares held by an immediate family member living in his household; the report says this should not be taken as an admission of beneficial ownership for Section 16 purposes.
- Footnote F2: Describes LTIP Class B Units (restricted limited partnership units issued under the company’s equity plan) that can convert one-for-one into operating partnership units or cash at the partnership’s option when vested and at parity.
Context
This was a direct open-market purchase (P = Purchase). The filing includes a household beneficial-ownership disclaimer and a note about restricted partnership units held under the company’s LTIP, both common in executive filings. The Form 4 here reports the buy; it does not explain the insider’s intent.
Insider Transaction Report
- Purchase
Common Shares
2026-06-12$18.18/sh+20,000$363,600→ 1,657,110 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.