Form 4: Pebblebrook Hotel Trust: Insider Trades Reported

Jon E. Bortz, Chairman and CEO of Pebblebrook Hotel Trust, reported transactions involving common shares and LTIP Class B Units.

Summary

• Jon E. Bortz, Chairman and CEO of Pebblebrook Hotel Trust (PEB), reported transactions on June 8th and June 9th, 2026.
• These transactions involved the acquisition of 20,000 common shares on June 8th at $16.84 per share and another 20,000 common shares on June 9th at $17.09 per share.
• Following these acquisitions, Bortz beneficially owns 1,597,110 common shares directly.
• Additionally, 200,000 common shares are held indirectly, with Bortz disclaiming beneficial ownership of shares held by his wife.
• The filing also notes 18,000 Series H Preferred Shares held directly.
• Bortz also holds 643,500 LTIP Class B Units, which are exchangeable for Operating Partnership units or cash.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing due to the insider purchases, indicating management confidence, but lacking broader financial performance data.

Positives

• Insider buying activity by the Chairman and CEO, Jon E. Bortz, indicates confidence in the company's prospects.
• Acquisition of 40,000 common shares by a key executive demonstrates personal investment in the company's equity.

Negatives

• The filing does not contain any negative financial results or operational setbacks.

Risks

• The reporting person disclaims beneficial ownership of shares held by an immediate family member, which could introduce complexity in ownership attribution.
• LTIP Class B Units are subject to exchange terms and the Operating Partnership's option for cash settlement, introducing potential variability in their ultimate value or form.

Future Outlook

No specific forward-looking statements or guidance are provided in this Form 4 filing, which primarily reports on past transactions.

Management Comments

• The reporting person disclaims beneficial ownership of these shares held by an immediate family member sharing his household, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
• Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner.
• Vested LTIP Class B Units, upon achieving parity with the Operating Partnership's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash.
• The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

Industry Context

StockSavvy.ai notes that insider transactions, particularly purchases by senior management like Chairman and CEO Jon E. Bortz, are often interpreted as a positive signal of management's confidence in the company's future performance within the hotel real estate investment trust (REIT) sector.

Related Party Transactions

• The reporting person disclaims beneficial ownership of shares held by his wife, indicating a related party holding.

Stakeholder Impact

• Shareholders may view the CEO's purchases as a positive signal of confidence in the company's future value.
• Employees involved in the LTIP program may be impacted by the exchangeability and cash settlement options of their units.

Next Steps

• Monitoring future SEC filings for further insider transactions or disclosures from Pebblebrook Hotel Trust.

Key Dates

Keywords

Pebblebrook Hotel Trust, PEB, Form 4, Insider Trading, Jon E. Bortz, Common Shares, LTIP Class B Units, Beneficial Ownership, SEC Filing