Martz Raymond D 4
4 · Pebblebrook Hotel Trust · Filed Feb 23, 2022
Insider Transaction Report
Form 4
Martz Raymond D
Co-President,CFO,Treasurer,Sec
Transactions
- Award
Common Shares
2022-02-18+21,400→ 262,751 total
Holdings
- 250,852
LTIP Class B Units
→ Common Shares (250,852 underlying)
Footnotes (2)
- [F1]All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Board of Trustees. 7,134, 7,133, and 7,133 of these shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2023, January 1, 2024, and January 1, 2025, respectively.
- [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 units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership common 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.