Form 4: Pebblebrook Hotel Trust Executive Receives Equity Grant

Pebblebrook Hotel Trust's Co-President and Chief Investment Officer, Thomas C. Fisher, was granted 56,218 restricted common shares.

Summary

• Thomas C. Fisher, Co-President and Chief Investment Officer of Pebblebrook Hotel Trust (PEB), acquired 56,218 time-vesting restricted common shares.
• The shares were granted on February 5, 2026, at a price of $0, as part of an RSU award agreement under the Issuer's 2009 Equity Incentive Plan.
• The restricted shares will vest in three tranches: 18,740 shares on January 1, 2027; 18,739 shares on January 1, 2028; and 18,739 shares on January 1, 2029, contingent on continued service.
• Following this transaction, Mr. Fisher beneficially owns 325,163 direct common shares.
• Mr. Fisher also holds 9,469 vested LTIP Class A Units and 250,852 vested LTIP Class B Units in Pebblebrook Hotel, L.P., which are exchangeable for Operating Partnership units or cash.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, as it represents a standard executive compensation practice that aligns management's interests with shareholders, without indicating any immediate operational or financial changes.

Positives

• The grant of 56,218 restricted common shares to a key executive aligns management's interests with those of shareholders, incentivizing long-term performance.
• The time-vesting schedule over three years encourages executive retention and sustained commitment to the company's success.

Future Outlook

The vesting schedule for the restricted shares extends through January 1, 2029, indicating a forward-looking incentive structure tied to the executive's continued service.

Industry Context

StockSavvy.ai notes that equity grants to key executives are a standard practice across the real estate investment trust (REIT) sector, particularly in the hotel segment, to align management incentives with long-term shareholder value creation and retention.

Corporate Governance

Related Party Transactions

• The grant of 56,218 restricted common shares to Thomas C. Fisher, Co-President and Chief Investment Officer, constitutes a related party transaction as it involves an executive and the company.

Stakeholder Impact

• Shareholders: The grant of restricted shares, while dilutive, aims to align executive incentives with long-term shareholder value creation.
• Employees: The vesting schedule incentivizes the continued service of a key executive.

Next Steps

• Continued service of Thomas C. Fisher as an employee of the Issuer or an affiliate for the restricted shares to vest.
• Vesting of 18,740 restricted common shares on January 1, 2027.
• Vesting of 18,739 restricted common shares on January 1, 2028.
• Vesting of 18,739 restricted common shares on January 1, 2029.

Key Dates

Keywords

Pebblebrook Hotel Trust, PEB, Form 4, insider transaction, restricted stock units, RSU, equity grant, executive compensation, beneficial ownership, LTIP units