Form 4: Pebblebrook Hotel Trust CEO Jon Bortz Increases Stake in Company

Jon Bortz, Chairman and CEO of Pebblebrook Hotel Trust, recently purchased additional common shares of the company, increasing his direct holdings.

Summary

• Jon E Bortz, Chairman and CEO of Pebblebrook Hotel Trust, has reported changes in his beneficial ownership of the company's securities.
• On March 21, 2025, Bortz purchased 28,000 common shares at a weighted average price of $10.11, with individual prices ranging from $10.01 to $10.26.
• On March 24, 2025, he purchased an additional 25,000 common shares at a weighted average price of $10.45, with individual prices ranging from $10.42 to $10.47.
• Following these transactions, Bortz directly owns 1,467,110 common shares.
• He also indirectly owns 200,000 common shares through his wife.
• Bortz also holds 18,000 Series H Preferred Shares and 516,131 LTIP Class B Units.
• The LTIP Class B Units can be exchanged for Operating Partnership units or cash.

Sentiment

Score: 7

Explanation: The document primarily reflects insider buying, which is generally viewed as a positive signal, suggesting confidence in the company's prospects. However, it's a single event and doesn't provide a comprehensive view of the company's overall health.

Positives

• The CEO's purchase of additional shares may signal confidence in the company's future performance.

Industry Context

Insider buying is often seen as a positive sign, suggesting that a company's leadership believes the stock is undervalued. It's a common practice to monitor insider transactions to gauge sentiment.

Key Dates

Keywords

Pebblebrook Hotel Trust, Jon Bortz, beneficial ownership, common shares, LTIP Class B Units, Form 4, insider trading