Company: PEB
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001474098-25-000062
Chunk: 17

Company: Pebblebrook Hotel Trust
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 17
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 or objectives stated with respect to one or more of the following, alone or in combination:

| •funds from operations (“FFO”);                                           |     | •return on equity;                  |
| •adjusted FFO;                                                            |     | •total earnings;                    |
| •earnings before income taxes, depreciation, and amortization (“EBITDA”); |     | •revenues or sales;                 |
| •adjusted EBITDA;                                                         |     | •earnings per Common Share;         |
| •hotel-level EBITDA;                                                      |     | •return on capital;                 |
| •hotel revenues;                                                          |     | •market price per Common Share; and |
|                                                                           |     | •total shareholder return.          |

A performance goal or objective stated with respect to one or more of these criteria may be expressed on an absolute basis or relative to the performance of one or more similarly situated companies or a published index. In establishing a performance goal or objective, the Compensation Committee may exclude any or all special, unusual or extraordinary items as determined under generally accepted accounting principles, including the charges or costs associated with restructurings of the Company, discontinued operations, other unusual or non-recurring items and the cumulative effects of accounting changes. The Compensation Committee may also adjust performance goals or objectives to reflect the impact of unusual or non-recurring events affecting the Company and for changes in applicable tax laws and accounting principles.

#### Return of Awards; Repayment
The Equity Incentive Plan provides that all awards, and all payments under awards, are subject to the Company’s clawback policy as in effect on the date that a payment was made or an award was granted, settled, vested, or earned, as applicable. We have adopted a policy regarding the recovery of erroneously awarded compensation, also known as a clawback policy.

To the extent required by the policy, a participant will be required to return any award (if not previously exercised or settled) or to return any payment previously made with respect to an award (if the award has vested or been settled).

See also “Corporate Governance Information—Corporate Governance Highlights—Clawback Policy.”

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#### Amendment; Termination
The Equity Incentive Plan may be amended or terminated at any time by the Board; provided that no amendment may adversely impair the benefits of participants under outstanding awards. Our shareholders must approve any amendment if such approval is required under applicable law or stock exchange requirements. Our shareholders also must