Pebblebrook Hotel Trust (PEB) director paid 2025 board retainer in stock

Rhea-AI Filing Summary

Pebblebrook Hotel Trust director Michael J. Schall reported receiving 14,837 common shares on 01/01/2026 at a per-share value of $11.458. The shares represent payment of 100 percent of his annual retainer fee for serving on the Board of Trustees in 2025, with the value based on the average closing prices of the company’s common shares over the ten trading days preceding the payment date.

Following this grant, he reports beneficial ownership of 134,530 common shares held directly, while disclaiming beneficial ownership with respect to 51,312 of those shares. He also reports 18,500 common shares held through a deferred compensation plan, disclaiming beneficial ownership of one-half of those shares, and 942 common shares held by his wife, for which he disclaims beneficial ownership.

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^*

SCHALL MICHAEL J

(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		14,837	A	$11.458(1)	134,530(2)	D
Common Shares								18,500(3)	I	Deferred Compensation Plan
Common Shares								942(4)	I	By wife

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 100 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.

2. The reporting person disclaims beneficial ownership with respect to 51,312 of these shares.

3. The reporting person disclaims beneficial ownership with respect to one-half of these shares.

4. The reporting person disclaims beneficial ownership with respect to all of these shares.

Remarks:

	/s/ Andrew H. Dittamo, as attorney-in-fact for Michael J Schall	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.

FAQ

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

Director Michael J. Schall reported acquiring 14,837 common shares of Pebblebrook Hotel Trust on 01/01/2026 as compensation for serving on the Board of Trustees.

What was the price used for the Pebblebrook Hotel Trust (PEB) share grant?

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

What period of service does this Pebblebrook Hotel Trust (PEB) share grant cover?

The 14,837 common shares represent payment of 100 percent of the annual retainer fee for serving on the Board of Trustees in 2025.

How many Pebblebrook Hotel Trust (PEB) shares does the director report owning after the transaction?

After the transaction, the director reports 134,530 common shares held directly, 18,500 common shares through a deferred compensation plan, and 942 common shares held by his wife, with various portions of these holdings disclaimed as beneficial ownership.

What beneficial ownership disclaimers are noted for Pebblebrook Hotel Trust (PEB) shares?

The reporting person disclaims beneficial ownership of 51,312 of the directly held shares, disclaims beneficial ownership of one-half of the 18,500 deferred compensation plan shares, and disclaims beneficial ownership of all of the 942 shares held by his wife.

What is the relationship of the reporting person to Pebblebrook Hotel Trust (PEB)?

The reporting person is identified as a Director of Pebblebrook Hotel Trust.