Company: PEB
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001474098-25-000062
Chunk: 45

Company: Pebblebrook Hotel Trust
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 45
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 Resorts).

• Hotel RevPAR Penetration Index Improvement for 2024 (15% weighting) - target performance required improving the Company’s 2024 RevPAR penetration index by 50 bps over year-end 2023, excluding properties under major renovation in 2023 or 2024 for their respective months of renovation.

• Corporate Sustainability and Responsibility Results (10% weighting) - target performance required successful continued development of its Corporate Sustainability and Responsibility program and meeting 10 of the following 14 objectives:

◦ Ensuring that 75% of the Company’s portfolio has occupancy sensors installed in more than 75% of meeting rooms;

◦ Remaining committed to the efficient use of natural resources and energy to ensure buildings are operating efficiently and for building certifications as opportunities arise (such as LEED or Energy Star);

◦ Preparing for the adoption in 2024 of the AHLA's new sustainability reporting standards in energy, water and waste;

◦ Continuing to track progress and develop plans to achieve long-term environmental targets for the Company's hotel portfolio, including a 35% reduction of GHG emissions intensity by 2030;

◦ Monitoring and reporting on the Company's environmental performance, including an annual Corporate Sustainability and Responsibility Report to shareholders;

◦ Ensuring that 75% of the Company’s interior light bulbs are LED;

◦ Training and raising employee awareness for the Company's sustainability programs and practices;

◦ Reviewing annually with the Board the prevalence of climate-related physical and transition risks (per PEB's risk assessment);

◦ Continuing to report on alignment with the standards of the TCFD in the Company's annual Corporate Sustainability and Responsibility Report;

◦ Training and raising employee awareness on racial equity and inclusion – have the Racial Equity and Inclusion Team host ongoing training programs;

◦ Remaining committed to our human rights and labor policies as adopted by the AHLA's 5-star promise;

◦ Regularly monitoring employee satisfaction and mental health through employee engagement, surveys and other feedback;

◦ Encouraging hotels to have a close relationship with the communities in which they operate through economic development, partnerships and other means;

◦ Collaborating with vendors and encouraging suppliers to follow the Company's Supplier Code of Conduct; and

◦ Obtaining LEED Certification for the 1 Hotel San Francisco.

• Capital Markets and Balance Sheet (15% weighting) - This objective required the Company to remain in compliance with all debt covenants across the Company’s outstanding debt agreements and to develop a plan to address the $