Company: PEB
Filing Date: 2025-02-11
Form Type: 8-K
Source: 0001474098-25-000033
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Company: Pebblebrook Hotel Trust
Filing Date: 2025-02-11
Form: 8-K
Item: Item 5.02
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 7, 2025, the Board approved, as recommended by the Compensation Committee, compensatory arrangements in which the executive officers of the Company will participate for 2025. The structure of the compensatory arrangements is substantially the same as it was for 2024's compensatory arrangements.

For 2025, the Compensation Committee and the Board determined that compensation for each executive will consist of: (i) an annual cash base salary; (ii) an annual cash bonus incentive award under the Company’s 2009 Equity Incentive Plan, as amended and restated effective July 10, 2012, as amended through May 16, 2022 (the “ Plan”); and (iii) regular awards of long-term equity-based compensation under the Plan.

Of the awards of long-term equity-based compensation: