Raymond D. Martz - Jan 1, 2025 Form 4 Insider Report for Pebblebrook Hotel Trust (PEB)

Role: Co-President,CFO,Treasurer,Sec
Signature: /s/ Andrew H. Dittamo, as attorney-in-fact for Raymond D. Martz
Stock symbol: PEB
Transactions as of: Jan 1, 2025
Transactions value $: -$52,777
Form type: 4
Date filed: 1/3/2025, 05:29 PM
Previous filing: Feb 27, 2024
Next filing: Feb 11, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PEB	Common Shares	Tax liability	-$52.8K	-3.9K	-1.54%	$13.55	249K	Jan 1, 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	PEB	LTIP Class B Units						331K	Jan 1, 2025	Common Shares	331K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents Common Shares sold to the Issuer as payment of tax withholding upon vesting of 7,133 Common Shares.
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 the Operating Partnership's 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.

Content

Represents Common Shares sold to the Issuer as payment of tax withholding upon vesting of 7,133 Common Shares.

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 the Operating Partnership's 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.