Form 4: Pebblebrook Hotel Trust: CEO Jon Bortz Reports Share Transactions
SEC Form 4 Filing
CEO Jon Bortz reports the sale of shares for tax withholding and disclaims beneficial ownership of shares held by a family member.
Summary
- Jon E. Bortz, Chairman and CEO of Pebblebrook Hotel Trust, filed a Form 4 detailing changes in beneficial ownership.
- On January 1, 2025, Bortz sold 8,712 common shares to the issuer at $13.55 per share to cover tax withholding upon the vesting of 16,644 common shares.
- Following the transaction, Bortz directly owns 1,386,572 common shares.
- Bortz also disclaims beneficial ownership of 200,000 common shares held by his wife.
- He directly owns 18,000 Series H Preferred Shares.
- Bortz also holds 403,963 LTIP Class B Units, which can be exchanged for Operating Partnership units or cash.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing share transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date of common shares transaction and vesting of shares. |
| 01/03/2025 | Date of signature for the report. |
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