Form 4: Pebblebrook Hotel Trust CEO Boosts Stake with Significant Common Share Purchase

Pebblebrook Hotel Trust's Chairman and CEO, Jon E. Bortz, has purchased 6,000 common shares, increasing his direct beneficial ownership in the company.

Summary

• Jon E. Bortz, Chairman and CEO of Pebblebrook Hotel Trust (PEB), acquired 6,000 common shares on May 27, 2025.
• The shares were purchased at a weighted average price of $9.00 per share, with individual transaction prices ranging from $8.95 to $9.29.
• Following this transaction, Mr. Bortz directly holds 1,584,110 common shares.
• His beneficial ownership also includes 200,000 common shares indirectly held by his wife and 18,000 5.70% Series H Preferred Shares held directly.
• Additionally, Mr. Bortz holds 516,131 LTIP Class B Units, which are restricted units of limited partnership interest in Pebblebrook Hotel, L.P., exchangeable for common units or cash upon vesting and achieving parity.

Sentiment

Score: 7

Explanation: The purchase of common shares by the Chairman and CEO indicates strong insider confidence in the company's current valuation and future prospects, which is generally viewed positively by the market.

Positives

• The purchase of 6,000 common shares by Chairman and CEO Jon E. Bortz signals strong insider confidence in Pebblebrook Hotel Trust's current valuation and future prospects.
• The acquisition at a weighted average price of $9.00 per share indicates management's belief in the company's value at this price point.
• The substantial direct beneficial ownership of 1,584,110 common shares by the CEO further aligns his interests with those of public shareholders.

Future Outlook

This Form 4 filing primarily reports an insider transaction and does not contain explicit forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
• 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.

Industry Context

This insider transaction is specific to Pebblebrook Hotel Trust and its executive management, and does not directly provide insights into broader industry trends or competitive dynamics within the hotel REIT sector.

Related Party Transactions

• Jon E. Bortz indirectly beneficially owns 200,000 common shares held by an immediate family member sharing his household, though he disclaims beneficial ownership for Section 16 purposes.

Stakeholder Impact

• Shareholders may interpret the CEO's share purchase as a positive signal, potentially increasing investor confidence in the company's stock.

Key Dates

Recommendation

Keywords

Pebblebrook Hotel Trust, PEB, Jon E Bortz, insider trading, Form 4, common shares, stock purchase, CEO, director, beneficial ownership, hotel REIT