Company: PEB
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001474098-25-000062
Chunk: 11

Company: Pebblebrook Hotel Trust
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 11
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The number of Common Shares that may be issued under the Equity Incentive Plan is 5,347,625 shares. The Amendment, if approved by shareholders, will increase the number of shares available by 3,000,000 shares. As of March 28, 2025, there are no Common Shares available.

The Company expects the number of Common Shares available for awards under the Equity Incentive Plan as amended by the Amendment, if approved by shareholders, will be sufficient for the next three to four years.

#### No Evergreen
There is no evergreen provision in the Equity Incentive Plan: the number of shares that may be issued under the Equity Incentive Plan may not be increased without approval by both the Board and shareholders. The Company currently expects the duration of the number of Common Shares that may still be issued under the Equity Incentive Plan will be between three and four years.

In connection with share splits, share dividends, recapitalizations and certain other events, the Board will make adjustments that it deems appropriate in the aggregate number of Common Shares that may be issued under the Equity Incentive Plan, the terms of outstanding awards and the per-individual grant limitation (described below under “Performance Goals; Individual Limits”).

If any options or share appreciation rights terminate, expire or are canceled, forfeited, exchanged or surrendered without having been exercised or paid or if any share awards, performance units or other equity-based awards are forfeited, the Common Shares subject to such awards will again be available for purposes of the Equity Incentive Plan. Any Common Shares that are tendered or withheld from the settlement of an award to satisfy the grant or exercise price or to satisfy a tax withholding obligation under an award shall be available for future awards granted under the Equity Incentive Plan.

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#### Options
The Equity Incentive Plan authorizes our Compensation Committee to grant incentive share options (under Section 421 of the Code) and options that do not qualify as incentive share options. The exercise price of each option will be determined by the Compensation Committee, provided that the price cannot be less than 100% of the fair market value of the Common Shares on the date on which the option is granted (or 110% of the shares fair market value on the grant date in the case of an incentive share option to an individual who is a “ten percent shareholder” under Sections 422 and 424 of the Code). Except in the event of share