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

Pebblebrook Hotel Trust's Chairman and CEO, Jon E. Bortz, has acquired 5,000 common shares, increasing his direct beneficial ownership to over 1.6 million shares.

Summary

• Jon E. Bortz, the Chairman and CEO of Pebblebrook Hotel Trust (PEB), acquired 5,000 common shares.
• The transaction took place on June 6, 2025, at a price of $9.5 per share.
• Following this acquisition, Mr. Bortz directly beneficially owns 1,607,110 common shares.
• He also indirectly beneficially owns 200,000 common shares through his wife, for which he disclaims beneficial ownership.
• Additionally, Mr. Bortz directly holds 18,000 5.70% Series H Preferred Shares.
• He also possesses 516,131 LTIP Class B Units, which are convertible into common shares or an equivalent amount of cash.

Sentiment

Score: 8

Explanation: The acquisition of additional common shares by the Chairman and CEO signals strong insider confidence in the company's prospects and valuation, which is a positive indicator for investors.

Positives

• Chairman and CEO Jon E. Bortz's acquisition of 5,000 common shares signals strong insider confidence in the company's future prospects and current valuation.
• The direct purchase at $9.5 per share indicates management's belief that the stock is an attractive investment at this price point.
• The substantial direct beneficial ownership of 1,607,110 common shares by the CEO further aligns management's interests with those of public shareholders.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The acquisition of common shares by Chairman and CEO Jon E. Bortz demonstrates his continued commitment and confidence in Pebblebrook Hotel Trust's strategic direction and value.

Industry Context

This filing is an insider transaction report and does not provide broad industry trends or context. However, insider buying in the hotel REIT sector can be viewed as a positive signal, especially if it suggests a belief in a recovery or strong performance within the hospitality industry.

Stakeholder Impact

• Shareholders may interpret the CEO's share purchase as a strong vote of confidence in the company, potentially leading to increased investor interest and positive sentiment.
• Employees may see this as a sign of stability and positive outlook from top leadership.

Key Dates

Recommendation

Keywords

Pebblebrook Hotel Trust, PEB, Jon E. Bortz, insider trading, Form 4, common shares, preferred shares, LTIP units, CEO, director, beneficial ownership, hotel REIT