Form 4: Pebblebrook Hotel Trust Co-President Sells Shares for Tax

Pebblebrook Hotel Trust's Co-President and Chief Investment Officer, Thomas Charles Fisher, sold 21,275 common shares to cover tax obligations related to vested equity.

Summary

• Thomas Charles Fisher, Co-President and Chief Investment Officer of Pebblebrook Hotel Trust, reported a transaction.
• On January 1, 2026, Fisher sold 21,275 common shares to the Issuer.
• The sale was for the payment of tax upon the vesting of 42,375 common shares.
• The shares were sold at a price of $11.32 per share.
• Following this transaction, Fisher beneficially owns 268,945 common shares directly.
• Fisher also holds 9,469 vested LTIP Class A Units and 250,852 vested LTIP Class B Units, which can be exchanged for Operating Partnership units or cash.

Sentiment

Score: 5

Explanation: Neutral. The transaction is a routine tax-related sale of shares upon vesting of equity awards, which is a common and expected event for executives.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The sale of 21,275 common shares was made to the Issuer (Pebblebrook Hotel Trust) as payment for tax obligations.

Stakeholder Impact

• Shareholders: The sale by an insider, while routine for tax purposes, slightly reduces the insider's direct ownership percentage. However, the overall beneficial ownership including LTIP units remains substantial.

Key Dates

Recommendation

The filing details a routine insider transaction where the Co-President sold shares to cover tax liabilities from vested equity. This is a common occurrence and does not reflect a change in the company's fundamentals or the insider's long-term view. Therefore, it provides no new information to alter an existing investment thesis, warranting a 'hold' recommendation based solely on this filing.

Keywords

Pebblebrook Hotel Trust, PEB, Thomas Charles Fisher, Insider Trading, Form 4, Share Sale, Equity Compensation, Tax Payment, LTIP Units