Martz Raymond D 4
4 · Pebblebrook Hotel Trust · Filed Jan 3, 2024
Insider Transaction Report
Form 4
Martz Raymond D
Co-President,CFO,Treasurer,Sec
Transactions
- Tax Payment
Common Shares
2024-01-01$15.98/sh−7,550$120,649→ 253,734 total
Holdings
- 289,947
LTIP Class B Units
→ Common Shares (289,947 underlying)
Footnotes (2)
- [F1]Represents Common Shares sold to the Issuer as payment of tax withholding upon vesting of 14,494 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 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.