Company: PEB
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001474098-25-000062
Chunk: 68

Company: Pebblebrook Hotel Trust
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 68
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 Company ceases to be a publicly traded lodging or hospitality company that is qualified as a REIT for federal income tax purposes and is subject to the reporting requirements of Sections 13 or 15(d) of the Exchange Act;

• any material diminution in the authority, duties, or responsibilities of the supervisor to whom the executive is required to report; or

• the relocation of the Company’s headquarters and/or the executive’s regular work address to a location which requires the executive to travel more than 50 miles from the executive’s residence.

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#### Vesting of Long-Term Equity Incentive Awards
The terms of the time-based LTIP unit and restricted Common Share awards granted to each of Messrs. Bortz, Martz and Fisher provide that:

• upon a change in control of the Company, unvested awards vest;

• upon termination of the executive’s employment with the Company because of their death or disability, the unvested awards vest;

• upon resignation of the executive for good reason (which must be in connection with or within one year after a change in control), unvested awards vest;

• upon termination of the executive’s employment with the Company without cause, the unvested awards vest;

• upon the executive’s retirement (executive’s age plus years of service must be at least 70; executive must be at least 55 years old, must have been employed by the Company for at least seven years, must provide at least nine months' notice, and must enter into a restricted covenants agreement); and

• upon termination of the executive’s employment with the Company for cause, the unvested awards are forfeited.

The terms of the performance-based equity awards granted to each of Messrs. Bortz, Martz and Fisher provide for vesting of up to the greater of (x) the target number of units and (y) the number of units determined by the performance provisions in the case of the first five of the six above-listed scenarios, and forfeiture in the case of the sixth.

Except as described above, any awards that are unvested at the time the executive terminates their employment with the Company are forfeited.

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| TERMINATION PAYMENTS TABLE |

The following table indicates the cash amounts, accelerated vesting and other payments and benefits that our NEOs would be entitled to receive under various circumstances pursuant to the terms of the Equity Incentive Plan