Pebblebrook Hotel Trust director receives 7,418 shares as board retainer

Pebblebrook Hotel Trust director reports stock compensation grant A director of Pebblebrook Hotel Trust (PEB) reported acquiring 7,418 common shares on 01/01/2026 at a value of $11.458 per share.

Rhea-AI Filing Summary

Pebblebrook Hotel Trust director reports stock compensation grant

A director of Pebblebrook Hotel Trust (PEB) reported acquiring 7,418 common shares on 01/01/2026 at a value of $11.458 per share. After this transaction, the director beneficially owns 26,180 common shares, held directly.

The shares represent payment of 50 percent of the annual retainer fee for serving on Pebblebrook Hotel Trust’s Board of Trustees in 2025. The per-share value was set as the average of the closing prices for the company’s common shares on the New York Stock Exchange for the ten trading days preceding the payment date.

Insider Trade Summary

Grant/Award: 7,418 shares

Grant/Award 1 txn

Insider Miller Phillip M.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	7,418	$11.458	$85K

Holdings After Transaction: Common Shares — 26,180 shares (Direct)

Footnotes (1)

1. F1. Payment of 50 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2025. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

FAQ

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

A director of Pebblebrook Hotel Trust reported acquiring 7,418 common shares on 01/01/2026, as disclosed in a Form 4.

At what price were the Pebblebrook Hotel Trust (PEB) shares valued in this Form 4?

The 7,418 common shares were valued at $11.458 per share, based on the average closing prices over the ten trading days before the payment date.

How many Pebblebrook Hotel Trust (PEB) shares does the director own after the reported transaction?

After the transaction, the director beneficially owns 26,180 common shares of Pebblebrook Hotel Trust, held directly.

What is the reason for the stock grant reported for Pebblebrook Hotel Trust (PEB)?

The grant represents payment of 50 percent of the annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2025.

How was the per-share value determined for the Pebblebrook Hotel Trust (PEB) director’s retainer payment?

The per-share value of $11.458 was calculated as the average closing price of the company’s common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

Does this Pebblebrook Hotel Trust (PEB) Form 4 involve derivative securities?

The provided information includes a table for derivative securities, but it does not list any specific derivative transactions for this reporting event.

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Accepted by SEC EDGAR 01/05/2026 - 05:34 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^*

Miller Phillip M.

(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)

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

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		A		7,418	A	$11.458(1)	26,180	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. Payment of 50 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2025. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

Remarks:

	/s/ Andrew H. Dittamo, as attorney-in-fact for Phillip M. Miller	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).
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.