Company: PEB
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001474098-25-000062
Chunk: 70

Company: Pebblebrook Hotel Trust
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 70
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 executive and (y) the average amount of the bonuses paid to the executive with respect to the three most recent fiscal years. Assuming that a change in control occurred on December 31, 2024 and that each of Messrs. Bortz, Martz and Fisher remained with the Company at least until December 31, 2025, their cash stay bonuses would have been $2,834,500, $1,398,000 and $1,398,000, respectively, based on the amount of their 2024 actual cash incentive bonuses and their 2024 base salaries.

| COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION |

The Compensation Committee consists of Mr. Jackson (Chairperson), Mr. Miller, Mr. Schall and Mr. Webb. None of the members of the Compensation Committee, and none of its members in 2024, is or has been one of our employees or officers. None of our executive officers currently serves, or during the past fiscal year has served, as a member of the board of directors or compensation committee of another entity that has one or more executive officers serving on the Board or the Compensation Committee.

| CEO PAY RATIO |

| Our compensation and benefit programs are substantially similar throughout the Company and are designed to reward all employees who contribute to our success with a total compensation package that is competitive in the marketplace for each employee’s position and performance. As required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(u) of Regulation S-K, we are providing the following information regarding the relationship of the annual total compensation of our employees and the annual total compensation of Jon E. Bortz, our Chief Executive Officer (our “CEO”). |     | 1 : 42        
 CEO Pay Ratio |

For 2024, the annual total compensation of our CEO, as reported in the Summary Compensation Table included in this Proxy Statement, was $7,377,014. The median annual total compensation of all of our employees (other than our CEO) was $175,365, as determined in the same manner as the total compensation for our CEO. Based on this information, the estimated ratio of the median of the annual total compensation of all of our employees (other than our CEO) to the annual total compensation of our CEO was 1 to 42.

To determine the median of the annual total compensation of all of our employees (other than our CEO), the Company prepared a list of all 59 employees