Company: PEB
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001474098-25-000062
Chunk: 9

Company: Pebblebrook Hotel Trust
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 9
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 |      |      70,658 |
| Total Full-Value Awards(2)                      |     |             |      |     177,661 |      |      |     394,131 |      |      |     440,668 |                    |      |     337,487 |
| Weighted-average number of common shares, basic |     |             |      | 130,453,944 |      |      | 121,813,042 |      |      | 119,774,655 |                    |      | 124,013,880 |
| Weighted-average number of OP Units outstanding |     |             |      |     877,104 |      |      |     874,775 |      |      |   1,011,128 |                    |      |     921,002 |
| Weighted-average number of shares/units(3)      |     |             |      | 131,331,048 |      |      | 122,687,817 |      |      | 120,785,783 |                    |      | 124,934,882 |
| Burn Rate(4)                                    |     |             | 0.14 |           % |      | 0.32 |           % |      | 0.36 |           % |                    | 0.27 |           % |

(1) Amounts shown include (a) restricted common shares or LTIP units, in each case subject to time-based vesting, awarded to officers or employees and (b) common shares issued to non-management members of the Board.

(2) Total Full-Value Awards for each year presented is the sum of (a) time-based shares/units granted during that year and (b) performance-based shares/units vested during that year.

(3) Weighted-average number of shares/units is the sum of (a) weighted-average number of common shares, basic and (b) weighted-average number of OP Units outstanding.

(4) Burn Rate for each year presented is calculated by dividing (a) Total Full-Value Awards for that year by (b) the weighted-average number of common shares, basic for that year.

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#### Summary of the Equity Incentive Plan
The more significant features of the Equity Incentive Plan are summarized below. This summary is qualified in its entirety by reference to the plan document, as in effect prior to adoption of the Amendment