Pebblebrook Hotel Trust (PEB) Co-President granted 56,218 restricted shares and LTIP units detailed

Rhea-AI Filing Summary

Pebblebrook Hotel Trust officer Thomas Charles Fisher reported an equity award of 56,218 time-vesting restricted common shares on February 5, 2026. These shares were granted at $0 under the company’s 2009 Equity Incentive Plan and lift his directly owned common shares to 325,163.

The award vests in three tranches of 18,740, 18,739, and 18,739 shares on January 1, 2027, January 1, 2028, and January 1, 2029, subject to continued employment. Fisher also directly holds 9,469 LTIP Class A Units and 250,852 LTIP Class B Units, which are fully vested, aligned in value with operating partnership units, and exchangeable one-for-one into operating partnership units or an equivalent amount of cash with no expiration.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fisher Thomas Charles

(Last) (First) (Middle)

4747 BETHESDA AVE

SUITE 1100

(Street)

BETHESDA MD 20814

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Pebblebrook Hotel Trust [ PEB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-President, C Investmt Ofcr

3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	02/05/2026		A		56,218(1)	A	$0	325,163	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LTIP Class A Units	(2)							(2)	(2)	Common Shares	9,469		9,469	D
LTIP Class B Units	(3)							(3)	(3)	Common Shares	250,852		250,852	D

Explanation of Responses:

1. All of these shares are time-vesting restricted common shares that were granted to the reporting person by the Issuer's Board of Trustees under an RSU award agreement. 18,740, 18,739, and 18,739 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, 2027, January 1, 2028, and January 1, 2029, respectively. The grant was made pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

2. Represents restricted units of limited partnership interest ("LTIP Class A Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. All LTIP Class A Units have vested and have reached parity with the Operating Partnership units pursuant to the terms of the partnership agreement and 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 A Units have no expiration date.

3. Represents restricted units of limited partnership interest ("LTIP Class B Units") in the Operating Partnership, of which the Issuer is the general partner. All LTIP Class B Units have vested and have reached parity with the Operating Partnership units pursuant to the terms of the partnership agreement and 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 have no expiration date.

Remarks:

	/s/ Andrew H. Dittamo, as attorney-in-fact for Thomas C. Fisher	02/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did PEB Co-President Thomas Fisher report?

Thomas Fisher reported an award of 56,218 time-vesting restricted common shares at $0. The grant increases his directly held common shares to 325,163 and was made under Pebblebrook Hotel Trust’s 2009 Equity Incentive Plan, as amended and restated, on February 5, 2026.

How do Thomas Fisher’s new PEB restricted shares vest over time?

The 56,218 restricted common shares vest in three equal-time tranches. 18,740, 18,739, and 18,739 shares become vested and nonforfeitable on January 1, 2027, January 1, 2028, and January 1, 2029, respectively, assuming Fisher continues as an employee of Pebblebrook Hotel Trust or an affiliate.

What are Thomas Fisher’s total PEB common shares after this Form 4?

After the February 5, 2026 award, Thomas Fisher beneficially owns 325,163 Pebblebrook Hotel Trust common shares directly. This figure includes the newly granted 56,218 time-vesting restricted shares reported in the filing, subject to the future vesting schedule tied to continued employment.

What are PEB LTIP Class A Units held by Thomas Fisher?

Fisher holds 9,469 LTIP Class A Units in Pebblebrook Hotel, L.P. These are restricted partnership units that have fully vested and reached parity with operating partnership units, and may be exchanged one-for-one into operating partnership units or, at the partnership’s option, an equivalent amount of cash.

What are PEB LTIP Class B Units and how many does Fisher hold?

LTIP Class B Units are restricted partnership interests in Pebblebrook Hotel, L.P. Thomas Fisher holds 250,852 such units, all fully vested and at parity with operating partnership units. They are exchangeable one-for-one into operating partnership units or, at the partnership’s option, an equivalent amount of cash.

Do Thomas Fisher’s LTIP units reported by PEB have an expiration date?

The LTIP Class A and Class B Units reported for Thomas Fisher have no expiration date. Both classes are fully vested, have reached parity with operating partnership units, and may be exchanged at any time for operating partnership units or an equivalent amount of cash at the partnership’s option.