Company: PEB
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001474098-25-000062
Chunk: 56

Company: Pebblebrook Hotel Trust
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 56
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 |                  -10 |           |     |    |   645,000 |     |                                              |    52,063 |     |                        |        |     |     |     | 2,636,855 |       |     |           |

(1) For each NEO for each year shown, the total of the amounts shown in the Bonus and Non-Equity Incentive Plan Compensation columns equals the amount of the actual cash incentive bonus paid in February or March of the following year. Any amount shown in the Bonus column is the discretionary amount of the actual cash incentive bonus awarded in excess of the formula-based amount of the actual cash incentive bonus for that year.

(2) For information regarding the Company’s assumptions made in the valuation of time-based restricted share awards, performance-based equity awards and LTIP unit awards, see Note 8 to the financial statements included in the Company’s Annual Report on Form 10‑K for the year ended December 31, 2024. The table below shows the dollar value of performance-based equity awards for each NEO assuming that (i) on the grant date of the awards the highest level of performance was probable, (ii) the maximum value of the awards would be earned and (iii) the value per Common Share upon maximum vesting is the closing price per Common Share on the NYSE on the date of grant. The values of the performance-based equity awards are dependent on the Company’s performance over a three-year period and there is no assurance that the maximum value of the awards will be earned.

|      |     | Maximum Value of Performance-Based Equity Awards Assuming Highest Performance Level |     |            |     |            |
| Year |     |                                                                               Bortz |     |      Martz |     |     Fisher |
| 2024 |     |                                                                          $4,633,181 |     | $1,964,892 |     | $1,964,892 |
| 2023 |     |                                                                          $4,159,222 |     | $1,763,951 |     | $1,763,951 |
| 2022 |     |                                                                          $3,369,002 |     | $1,443,858 |     | $1,443,858 |

(3) Reflects 95,747 LTIP units that vested or will vest ratably on January 1, 2025, 2026 and 2027 and the target amount of Common Shares that may vest pursuant to the February 2024