Form 4: Pebblebrook Hotel Trust CEO Jon Bortz Buys $178,650 in Company Stock

Pebblebrook Hotel Trust's Chairman and CEO, Jon E. Bortz, recently purchased 15,000 shares of the company's common stock at an average price of $11.91.

Summary

• Jon E. Bortz, Chairman and CEO of Pebblebrook Hotel Trust, purchased 15,000 shares of common stock on March 5, 2025.
• The shares were bought at a weighted average price of $11.91, with individual prices ranging from $11.76 to $11.99.
• Following the transaction, Bortz directly owns 1,414,110 common shares.
• Bortz also indirectly owns 200,000 common shares through his wife, but disclaims beneficial ownership.
• He also owns 18,000 Series H Preferred Shares directly.
• Additionally, Bortz holds 516,131 LTIP Class B Units, which can be exchanged for Operating Partnership units or cash.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The CEO's stock purchase is a positive signal, but it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The CEO's purchase of company stock could be seen as a positive signal to investors, indicating confidence in the company's future prospects.

Industry Context

Insider buying is often viewed as a positive sign in the hotel REIT industry, suggesting that management believes the company's stock is undervalued and has potential for future growth. It can boost investor confidence, especially in a sector sensitive to economic cycles and travel trends.

Comparison to Industry Standards

• Comparing this transaction to other hotel REIT executives' trading activity could provide context.
• For example, if CEOs of comparable companies like Host Hotels & Resorts (HST) or Park Hotels & Resorts (PK) have also been purchasing shares, it could indicate a broader positive outlook for the industry.
• Conversely, if other executives are selling, it might raise concerns about Pebblebrook's relative performance.

Related Party Transactions

• The reporting person disclaims beneficial ownership of 200,000 shares held by his wife.

Stakeholder Impact

• The CEO's stock purchase could positively influence shareholder sentiment.

Key Dates