Company: PEB
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001474098-25-000062
Chunk: 60

Company: Pebblebrook Hotel Trust
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 60
---
 award is subject to time-based vesting in one-third increments on January 1, 2025, 2026 and 2027.

(4) The dollar value is computed assuming that the target number of shares vests.

Discussion of Summary Compensation and Grants of Plan-Based Awards Tables

Our executive compensation policies and practices, pursuant to which the compensation set forth in the Summary Compensation Tables and the Grants of Plan-Based Awards Table was paid or awarded, are described above under “— Compensation Discussion and Analysis (“CD&A”).” The terms of change in control severance agreements that we have entered into with our executives are described below under “— Change in Control Severance Agreements, Equity Award Vesting and Other Termination Policies.”

<div align='center'>- 40 -</div>

| OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END TABLE |

The following table sets forth information with respect to outstanding equity awards held by our NEOs as of December 31, 2024.

|                   |     |                   |        |     |                         Share / Unit Awards |         |     |           |     |                                                         |         |     |                                                                                               |   |     |           |     |                                                                                                                  |   |
| Name              |     | Date of Grant     |        |     | Number of Shares/Units That Have Not Vested 
                                         (#) |         |     |           |     | Market Value of Shares/Units That Have Not Vested(1)($) |         |     | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Rights That Have Not Vested 
                                                                                           (#) |   |     |           |     | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Rights That Have Not Vested(1) 
 ($)                                                                                                              |   |
| Jon E. Bortz      |     | February 18, 2021 |        |     |                                             | 108,017 |     |        -2 |     |                                               1,463,630 |         |     |                                                                                               | — |     |           |     |                                                                                                                  | — |
| May 16, 2022      |     |                   | 16,644 |     |                                          -3 |         |     |   225,526 |     |                                                         |  23,968 |     |                                                                                            -4 |   |     |   324,766 |     |                                                                                                                  |   |
|