Pebblebrook Hotel Trust (PEB) insider logs tax share sale and LTIP units

Rhea-AI Filing Summary

Pebblebrook Hotel Trust officer reports share sale for tax payment. Co-President and Chief Investment Officer Thomas C. Fisher filed a Form 4 showing the sale of 21,275 common shares to Pebblebrook Hotel Trust on 01/01/2026 at $11.32 per share. The shares were surrendered to the company to cover taxes due on the vesting of 42,375 common shares, rather than being sold in the open market.

After this transaction, Fisher directly holds 268,945 common shares. He also holds 9,469 LTIP Class A Units and 250,852 LTIP Class B Units in Pebblebrook Hotel, L.P. All of these LTIP units are vested, have no expiration date, and can be exchanged on a one-for-one basis for operating partnership units or, at the partnership’s option, an equivalent amount of cash.

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

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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)
01/01/2026

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	01/01/2026		F		21,275(1)	D	$11.32	268,945	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. Represents Common Shares sold to the Issuer as payment of tax upon vesting of 42,375 Common Shares.

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, as 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	01/05/2026
	** 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 Pebblebrook Hotel Trust (PEB) report in this Form 4?

The filing reports that officer Thomas C. Fisher disposed of 21,275 common shares of Pebblebrook Hotel Trust on 01/01/2026 at a price of $11.32 per share.

Why did Thomas C. Fisher dispose of Pebblebrook Hotel Trust (PEB) shares?

The 21,275 common shares were sold to the issuer as payment of tax due upon the vesting of 42,375 common shares, according to the explanation of responses.

How many Pebblebrook Hotel Trust (PEB) shares does Thomas C. Fisher own after the transaction?

Following the reported transaction, Thomas C. Fisher beneficially owns 268,945 common shares of Pebblebrook Hotel Trust in direct form.

What are the LTIP Class A and Class B units reported for Pebblebrook Hotel Trust (PEB)?

The filing shows Fisher holds 9,469 LTIP Class A Units and 250,852 LTIP Class B Units in Pebblebrook Hotel, L.P. All these units are vested, have reached parity with operating partnership units, and can be exchanged one-for-one for operating partnership units or, at the partnership’s option, an equivalent amount of cash.

Do the LTIP Class A and Class B units for Pebblebrook Hotel Trust (PEB) have an expiration date?

No. The filing states that both the LTIP Class A Units and LTIP Class B Units have no expiration date.

What is Thomas C. Fisher’s role at Pebblebrook Hotel Trust (PEB)?

The reporting person is identified as an officer of Pebblebrook Hotel Trust with the title Co-President, C Investmt Ofcr as disclosed in the form.