Martz Raymond D 4
4 · Pebblebrook Hotel Trust · Filed Jan 4, 2023
Insider Transaction Report
Form 4
Martz Raymond D
Co-President,CFO,Treasurer,Sec
Transactions
- Tax Payment
Common Shares
2023-01-01$13.39/sh−10,638$142,443→ 252,113 total
Holdings
- 250,852
LTIP Class B Units
→ Common Shares (250,852 underlying)
Footnotes (2)
- [F1]Represents Common Shares sold to the Issuer as payment of tax withholding upon vesting of 20,745 Common Shares.
- [F2]Represents 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 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.