Fisher Thomas Charles 4

What Happened
Thomas C. Fisher, Co‑President and Chief Investment Officer of Pebblebrook Hotel Trust (PEB), was granted 56,218 restricted common shares (reported as an award, code A) on February 5, 2026. The shares were granted at $0.00 (typical for RSU awards) — this is a compensation grant, not a purchase or sale.

Key Details

• Transaction date: 2026-02-05 (Form 4 filed 2026-02-09). The filing appears to have been submitted after the typical 2 business‑day reporting window.
• Transaction type/code: A — Grant/Award of restricted shares. Price reported: $0.00.
• Grant structure/vesting (Footnote F1): 56,218 time‑vesting restricted common shares vest in three annual tranches: 18,740 on 2027-01-01, 18,739 on 2028-01-01, and 18,739 on 2029-01-01, subject to continued service. Grant made under the Issuer’s 2009 Equity Incentive Plan.
• Other footnotes in the filing (F2, F3): describe LTIP Class A and Class B units in the Operating Partnership that have vested and are exchangeable one‑for‑one for operating partnership units (or cash at the partnership’s option); these are separate from the RSU grant.
• Shares owned after the transaction: not specified in the provided filing.

Context
RSUs are a form of equity compensation that typically vest over time and align executive pay with shareholder returns; they are not market purchases and do not by themselves indicate buying or selling sentiment. The LTIP units noted in the footnotes are vested partnership units that can be exchanged for operating partnership units or cash and have no expiration date.