Form 4: Pebblebrook Hotel Trust Director Michael J. Schall Reports Acquisition of Common Shares

Director Michael J. Schall reports acquiring 11,329 common shares of Pebblebrook Hotel Trust at $13.682 per share as payment for his annual retainer fee.

Summary

• Michael J. Schall, a director of Pebblebrook Hotel Trust, reported acquiring 11,329 common shares on January 1, 2025.
• The shares were acquired as payment for 100% of his annual retainer fee for serving on the Board of Trustees in 2024.
• The price per share was $13.682, calculated as the average closing price over the ten trading days preceding the payment date.
• Following the transaction, Schall directly owns 89,693 common shares and indirectly owns 938 shares through a wife and 8,500 shares through a deferred compensation plan.
• Schall disclaims beneficial ownership of one-half of all but 1,906 of the directly owned shares and one-half of the shares held in the deferred compensation plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director acquiring shares is generally a good sign, but it's part of a compensation package, so it's not necessarily a strong indicator of exceptional confidence.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.

Industry Context

Directors acquiring shares in their own company is generally seen as a positive sign, indicating confidence in the company's future performance. This is especially relevant in the hotel industry, which can be sensitive to economic cycles and travel trends.

Comparison to Industry Standards

• Director share acquisitions are common across publicly traded companies, particularly as part of compensation packages.
• The size of the acquisition relative to Schall's existing holdings is a typical pattern for director compensation.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates