Company: PEB
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001474098-25-000062
Chunk: 41

Company: Pebblebrook Hotel Trust
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 41
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|                                              |     | •  Promotes executives’ ownership in the Company                 |     |                                                                                                        |     |                                                                  |
|                                              |     | •  Provides value to attract and retain talented executives      |     |                                                                                                        |     |                                                                  |
| Long-Term Equity (time-based vesting)        |     | Vests over Time                                                  
 25% - CEO                                                        
 23% - Other NEOs                                                 |     |                                                                                                        |     | •  Aligns interests of executives with those of our shareholders |
|                                              |     | •  Promotes executives’ ownership in the Company                 |     |                                                                                                        |     |                                                                  |
|                                              |     | •  Provides value to attract and retain talented executives      |     |                                                                                                        |     |                                                                  |

We also provide various health and welfare benefits to our NEOs that are generally the same as provided to all of our employees. These benefits are competitive with those offered by companies we compete with for talent and provide another tool that allows us to attract and retain talented executives.

The Compensation Committee and the Board have structured the program so that a significant portion of each NEO’s overall compensation: (i) is earned and paid over a period of more than one year; (ii) depends on the Company’s performance relative to that of peer lodging REITs; (iii) is, at target levels of compensation, measured against target total compensation paid by peer lodging REITs; and (iv) depends on the Company’s total absolute and relative shareholder returns and other absolute and relative performance measurements. In this compensation framework, if the Company has poor relative performance and/or poor total shareholder returns, our NEOs could receive incentive compensation below established target amounts (potentially as low as zero) and lower total compensation. In return, our NEOs should have an opportunity to earn overall compensation packages significantly greater than established target amounts in the event of superior relative performance and superior total shareholder returns.

The Compensation Committee and the Board have committed not to grant any special equity retention awards absent extraordinary circumstances.

The following two charts show the composition of total 2024 target compensation for our NEOs by form and by type. For each chart, (i) the center four “slices” show the percentages of the total represented by each component of the compensation program; (ii) the inner partial ring shows the percentage of the total compensation that is “at-risk” and may only be earned based on the level of attainment of performance goals; and (iii) the outer partial ring