Company: PEB
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001474098-25-000062
Chunk: 40

Company: Pebblebrook Hotel Trust
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 40
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 target and maximum levels, each metric has a threshold level of performance which, if not met, will result in no vesting;

▪ Target performance for the relative TSR metric is the 55th percentile, which requires out-performance of the median;

▪ Maximum vesting is capped at 200% and will be capped at 100% of target if the Company’s TSR is negative for the period, regardless of relative performance; and

◦ Just 40% of these awards will vest ratably over three years.

• No special retention equity award was granted to any of our NEOs.

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#### Compensation Program Components
Our compensation program has three primary components, each of which serves certain purposes in compensating and rewarding our NEOs and creates alignment between our NEOs and our shareholders: (i) cash base salaries, (ii) cash incentive bonuses and (iii) two forms of regular long-term equity-based awards (performance-based vesting and time-based vesting).

| Component                                    |     | Type                                                             
 (% of 2024 target total)                                         |     |                                                                                                        |     | Purpose                                                          |
| Annual Base Salary                           |     | Fixed                                                            
 14% - CEO                                                        
 21% - Other NEOs                                                 |     |                                                                                                        |     | •  Compensates executives for carrying out the duties of the job |
|                                              |     | •  Recognizes individual experience, skills, and performance     |     |                                                                                                        |     |                                                                  |
|                                              |     | •  Provides value to attract and retain talented executives      |     |                                                                                                        |     |                                                                  |
| Cash Incentive Bonus                         |     | At-Risk /                                                        
 Performance-Based                                                
 61% - CEO                                                        
 56% - Other NEOs                                                 |     |                                                                                                        |     | •  Encourages accomplishment of annual business objectives       |
|                                              |     | •  Aligns interests of executives with those of our shareholders |     |                                                                                                        |     |                                                                  |
|                                              |     | •  Provides value to attract and retain talented executives      |     |                                                                                                        |     |                                                                  |
| Long-Term Equity (performance-based vesting) |     |                                                                  |     | •  Encourages accomplishment of long-term business objectives critical to delivering shareholder value |     |                                                                  |
|                                              |     | •  Aligns interests of executives with those of our shareholders |     |                                                                                                        |     |