Pebblebrook Hotel Trust director receives 2,658 shares

Three 886-share portions become vested and nonforfeitable on October 1 of 2027, 2028 and 2029, subject to continued board service.

Rhea-AI Filing Summary

Pebblebrook Hotel Trust director William C. Bayless Jr. received an initial grant of 2,658 restricted common shares on October 1, 2026. The shares become vested and nonforfeitable in three installments of 886 shares on October 1, 2027, October 1, 2028, and October 1, 2029, subject to his continued service as a board member. His reported direct holdings after the grant were 2,658 common shares.

Insider Trade Summary

Grant/Award: 2,658 shares

Grant/Award 1 txn

Insider Bayless William C Jr

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares F1	2,658	$0.00	$0.00

Holdings After Transaction: Common Shares — 2,658 shares (Direct)

Footnotes (1)

1. F1. Represents an initial grant of 2,658 restricted common shares. 886, 886 and 886 of the restricted common shares shall become vested and nonforfeitable, subject to the reporting person's continued service as a member of the board of the Issuer, on October 1, 2027, October 1, 2028 and October 1, 2029, respectively.

Key Figures

Restricted common shares granted: 2,658 shares Shares per vesting installment: 886 shares Direct common shares after grant: 2,658 shares

3 metrics

Restricted common shares granted 2,658 shares Initial grant on October 1, 2026

Shares per vesting installment 886 shares Each of three installments

Direct common shares after grant 2,658 shares Reported following the October 1, 2026 grant

Key Terms

initial grant, restricted common shares, vested and nonforfeitable

3 terms

initial grant financial

"Represents an initial grant of 2,658 restricted common shares"

restricted common shares financial

"initial grant of 2,658 restricted common shares"

Restricted common shares are company stock that cannot be freely sold or transferred until certain conditions are met, such as time-based vesting, performance targets, or regulatory clearance. For investors, they matter because they reduce the number of shares available to trade today but can increase supply later, affecting share price, liquidity and potential dilution — like a stash of coupons that can't be used until a future date.

vested and nonforfeitable financial

"shall become vested and nonforfeitable"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did PEB director William C. Bayless Jr. receive?

William C. Bayless Jr., a director of Pebblebrook Hotel Trust, received an initial grant of 2,658 restricted common shares on October 1, 2026.

When do William C. Bayless Jr.'s PEB restricted shares vest?

The shares become vested and nonforfeitable in three installments of 886 shares on October 1, 2027, October 1, 2028, and October 1, 2029, subject to his continued service as a board member.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/07/2026 - 04:06 PM Accepted by SEC EDGAR 10/07/2026 - 04:05 PM Learn about SEC filing dates

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^*

Bayless William C Jr

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

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	10/01/2026		A		2,658(1)	A	$0	2,658	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

Explanation of Responses:

1. Represents an initial grant of 2,658 restricted common shares. 886, 886 and 886 of the restricted common shares shall become vested and nonforfeitable, subject to the reporting person's continued service as a member of the board of the Issuer, on October 1, 2027, October 1, 2028 and October 1, 2029, respectively.

Remarks:

	/s/ Andrew H Dittamo, as attorney-in-fact for William C Bayless Jr	10/07/2026
	** 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)