Form 4: Pebblebrook Director Acquires Shares as Board Compensation

Pebblebrook Hotel Trust Director Michael J Schall acquired 14,837 common shares as part of his 2025 annual retainer fee.

Summary

• Michael J Schall, a Director of Pebblebrook Hotel Trust (PEB), acquired 14,837 common shares on January 1, 2026.
• The shares were acquired at a price of $11.458 per share.
• This acquisition represents the payment of 100 percent of his annual retainer fee for serving on the Board of Trustees in 2025.
• The per-share value was determined by 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.
• Following this transaction, Michael J Schall beneficially owns 134,530 common shares directly, though he disclaims beneficial ownership for 51,312 of these shares.
• Additionally, he indirectly owns 18,500 common shares through a Deferred Compensation Plan, disclaiming beneficial ownership for one-half of these shares.
• He also indirectly owns 942 common shares through his wife, disclaiming beneficial ownership for all of these shares.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even as compensation, generally indicates alignment of interests with shareholders and confidence in the company's future, contributing to a moderately positive sentiment.

Positives

• A director acquiring shares, even as compensation, aligns their interests with those of other shareholders, potentially indicating confidence in the company's future performance.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The acquisition of shares represents the payment of 100 percent of the annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2025.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a director's compensation in the form of equity. It does not provide information directly related to broader industry trends within the hotel and lodging REIT sector, but rather reflects standard corporate governance practices for executive and board compensation.

Corporate Governance

Related Party Transactions

• The acquisition of shares by Michael J Schall, a Director, as payment for his annual retainer fee, constitutes a related party transaction between the company and a member of its Board of Trustees.

Stakeholder Impact

• Shareholders: The equity compensation for a director aligns their financial interests with those of shareholders, potentially fostering better long-term decision-making.

Key Dates

Recommendation

This Form 4 reports a routine share acquisition by a director as part of their annual compensation. While it demonstrates alignment of interests, it does not provide new fundamental information or unexpected events that would warrant a change in an investment recommendation based solely on this filing.

Keywords

Pebblebrook Hotel Trust, PEB, Insider Transaction, Director Compensation, Share Acquisition, Beneficial Ownership, Form 4