Form 4: Pebblebrook Hotel Trust CFO Raymond Martz Reports Share Sale for Tax Obligations
SEC Form 4 Filing
Raymond Martz, CFO of Pebblebrook Hotel Trust, reports the sale of common shares to cover tax withholding upon vesting of shares.
Summary
- Raymond D. Martz, Co-President, CFO, Treasurer, and Secretary of Pebblebrook Hotel Trust, filed a Form 4 detailing changes in beneficial ownership.
- On January 1, 2025, Martz sold 3,895 common shares at a price of $13.55 per share to cover tax withholding obligations upon the vesting of 7,133 common shares.
- Following the transaction, Martz directly owns 249,490 common shares.
- Martz also holds 330,553 LTIP Class B Units, which can be exchanged for common units or cash.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive stock transactions, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily indicate a change in the company's overall financial health or strategic direction. It is common for executives to sell shares to cover tax obligations when equity vests.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date of transaction: Sale of 3,895 common shares. |
| 01/03/2025 | Date of signature for the Form 4 filing. |
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