Pebblebrook (NYSE: PEB) CEO boosts stake with 20,000-share open-market buy

Rhea-AI Filing Summary

Pebblebrook Hotel Trust’s Chairman and CEO Jon E. Bortz reported an open-market purchase of 20,000 Common Shares at $18.18 per share. After this trade, his directly held Common Shares total 1,657,110, alongside 18,000 5.70% Series H Preferred Shares and 643,500 LTIP Class B Units that are tied to an equivalent number of Common Shares. An additional 200,000 Common Shares are held indirectly by his wife, and the footnote states he disclaims beneficial ownership of those shares.

Insights

Equity analyst

CEO’s 20,000-share open-market purchase is a modest, routine insider buy alongside large existing holdings.

Chairman and CEO Jon E. Bortz bought 20,000 Pebblebrook Common Shares at $18.18 per share, bringing his directly held Common Shares to 1,657,110. This is an open-market purchase, typically seen as a personal commitment of capital.

He also reports 18,000 5.70% Series H Preferred Shares and 643,500 LTIP Class B Units, which are linked to the same number of Common Shares under the partnership agreement. These LTIP units were issued under the company’s equity incentive plan, indicating meaningful ongoing equity-based compensation.

There are 200,000 Common Shares held by his wife, but a footnote states he disclaims beneficial ownership of those. Given the scale of his overall reported positions, this purchase appears incremental rather than transformational for the company’s outlook.

Insider Trade Summary

Net Buyer: 20,000 shares ($363,600)

Net Buy 4 txns

Insider BORTZ JON E

Role Chairman and CEO

Bought 20,000 shs ($364K)

Type	Security	Shares	Price	Value
Purchase	Common Shares	20,000	$18.18	$364K
holding	LTIP Class B Units	--	--	--
holding	Common Shares	--	--	--
holding	5.70% Series H Preferred Shares	--	--	--

Holdings After Transaction: Common Shares — 1,657,110 shares (Direct, null); LTIP Class B Units — 643,500 shares (Direct, null); Common Shares — 200,000 shares (Indirect, By wife); 5.70% Series H Preferred Shares — 18,000 shares (Direct, null)

Footnotes (1)

1. The reporting person disclaims beneficial ownership of these shares held by an immediate family member sharing his household, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose. 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 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 were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

Key Figures

Open-market purchase: 20,000 Common Shares Purchase price: $18.18 per share Direct Common Shares after transaction: 1,657,110 shares +3 more

6 metrics

Open-market purchase 20,000 Common Shares Transaction dated 2026-06-12, code P

Purchase price $18.18 per share Open-market buy of 20,000 Common Shares

Direct Common Shares after transaction 1,657,110 shares Total direct Common Shares following purchase

LTIP Class B Units underlying shares 643,500 underlying Common Shares Equity incentive LTIP Class B Units, direct

Series H Preferred Shares 18,000 shares 5.70% Series H Preferred Shares, direct holding

Indirect Common Shares by wife 200,000 shares Held by wife; beneficial ownership disclaimed

Key Terms

LTIP Class B Units, restricted units of limited partnership interest, beneficial ownership, Equity Incentive Plan, +1 more

5 terms

LTIP Class B Units financial

"Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P."

restricted units of limited partnership interest financial

"Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P."

beneficial ownership financial

"The reporting person disclaims beneficial ownership of these shares held by an immediate family member sharing his household"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Equity Incentive Plan financial

"The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated."

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

Operating Partnership financial

"in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner."

An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.

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Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

BORTZ JON E

(Last) (First) (Middle)

4747 BETHESDA AVE

SUITE 1100

(Street)

BETHESDA MARYLAND 20814

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

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

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

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

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	06/12/2026		P	V	20,000	A	$18.18	1,657,110	D
Common Shares								200,000(1)	I	By wife
5.70% Series H Preferred Shares								18,000	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 B Units	(2)							(2)	(2)	Common Shares	643,500		643,500	D

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of these shares held by an immediate family member sharing his household, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.

2. 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 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 were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

Remarks:

	/s/ Andrew H. Dittamo, as attorney-in-fact for Jon E Bortz	06/15/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Pebblebrook Hotel Trust (PEB) report for its CEO?

Pebblebrook Hotel Trust reported that Chairman and CEO Jon E. Bortz purchased 20,000 Common Shares in an open-market transaction at $18.18 per share. This filing shows a direct increase in his personal Common Share holdings at that price point.

How many Pebblebrook (PEB) shares does CEO Jon E. Bortz hold after this Form 4?

After the reported transaction, Jon E. Bortz directly holds 1,657,110 Common Shares of Pebblebrook. He also reports 18,000 5.70% Series H Preferred Shares and 643,500 LTIP Class B Units that are tied to an equivalent number of underlying Common Shares.

What price did the Pebblebrook (PEB) CEO pay for the newly purchased shares?

For this transaction, the Pebblebrook CEO paid $18.18 per Common Share for 20,000 shares. This was an open-market purchase, meaning he bought the shares on the market rather than receiving them as part of an equity award or option exercise.

What are the LTIP Class B Units reported in the Pebblebrook (PEB) Form 4?

The LTIP Class B Units are restricted units of limited partnership interest in Pebblebrook Hotel, L.P. Once vested and achieving parity, they may be exchanged one-for-one into Operating Partnership units or an equivalent amount of cash, and are linked to 643,500 underlying Common Shares.

Does the Pebblebrook (PEB) CEO report any indirect share holdings?

Yes. The filing shows 200,000 Common Shares held indirectly by his wife. However, a footnote states that Jon E. Bortz disclaims beneficial ownership of these shares, meaning he does not treat them as his own for Section 16 or other ownership purposes.

Is the Pebblebrook (PEB) CEO’s 20,000-share purchase a buy or a sale?

The Form 4 describes the transaction as an open-market purchase, coded “P,” which is a buy. Jon E. Bortz acquired 20,000 Pebblebrook Common Shares at $18.18 per share, increasing his directly held Common Share position reported in the filing.