Company: PEB
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001474098-25-000062
Chunk: 31

Company: Pebblebrook Hotel Trust
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 31
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 shareholders, nominees representing up to 20% of the number of trustees then serving on the Board (rounding down to the closest whole number). See “Corporate Governance Information—Focus on Shareholder Rights.”

| TRUSTEE COMPENSATION |

As summarized in the table below, our compensation program for trustees who are neither employed by nor otherwise affiliated with the Company includes an annual retainer and an additional amount for serving as the chairperson of one of the Board’s standing committees. At least 50% of the total fee for each trustee is paid in the form of Common Shares, but at their election, each trustee may opt to receive up to 100% of the total fee in the form of Common Shares. The program does not include any fees for attending meetings. Upon initially joining the Board, an independent trustee receives 2,500 restricted Common Shares, which vest pro rata over three years. The amounts shown in the following table for 2024 are the same as they were for 2023 and have not been increased since 2018.

| Program Element                   |     |                                                                                                                                                                               Amount |     | Form of Payment                      |
| Annual Retainer                   |     |                                                                                                                                                                             $155,000 |     | At least 50% in Common Shares        
 (up to 100% at recipient’s election) |
| Committee Chairperson Annual Fees |     |                                                                                                                                                          $20,000 for Audit Committee 
                                                                                                                                                   $15,000 for Compensation Committee 
                                                                                                                            $10,000 for Nominating and Corporate Governance Committee |     |                                      |
| Meeting Attendance Fees           |     |                                                                                                                                                                                 None |     |                                      |
| One-Time Grant upon Joining Board |     |                                                                                                                           2,500 restricted Common Shares (three-yearpro ratavesting) |     |                                      |
| Equity Ownership Guidelines       |     | Ownership of equity of the Company with a dollar value of at least 3 times annual compensation within 5 years after becoming a trustee (or after an increase of compensation levels) |     |                                      |

As of December 31, 2024, all trustees were in compliance with the equity ownership guidelines.

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Total compensation paid in January 2025 to our independent trustees for service in 2024 was as follows:

|                   |     | Fees Earned or Paid in Cash |          |     |                     |         |     |              |     |          |          |     |    |
| Name              |     | Annual Ret