Company: PEB
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001474098-25-000138
Chunk: 45

Company: Pebblebrook Hotel Trust
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 45
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20256.30% Series F$0.39 September 30, 2025September 30, 2025October 15, 20256.375% Series G$0.40 March 31, 2025March 31, 2025April 15, 20256.375% Series G$0.40 June 30, 2025June 30, 2025July 15, 20256.375% Series G$0.40 September 30, 2025September 30, 2025October 15, 20255.70% Series H$0.36 March 31, 2025March 31, 2025April 15, 20255.70% Series H$0.36 June 30, 2025June 30, 2025July 15, 20255.70% Series H$0.36 September 30, 2025September 30, 2025October 15, 2025Non-controlling Interest of Common Units in Operating PartnershipHolders of Operating Partnership units ("OP units") have certain redemption rights that enable OP unit holders to cause the Operating Partnership to redeem their units in exchange for, at the Company’s option, cash per unit equal to the market price of common shares at the time of redemption or common shares on a one-for-one basis. The number of shares issuable upon exercise of the redemption rights will be adjusted upon the occurrence of share splits, mergers, consolidations or similar pro-rata share transactions, which otherwise would have the effect of diluting the ownership interests of the Operating Partnership's limited partners or the Company's shareholders.On May 11, 2022, in connection with the acquisition of Inn on Fifth in Naples, Florida, the Company issued 16,291 OP units.As of September 30, 2025 and December 31, 2024, the Operating Partnership had 16,291 OP units held by third parties, excluding LTIP units.As of September 30, 2025, the Operating Partnership had two classes of long-term incentive partnership units ("LTIP units"), LTIP Class A units and LTIP Class B units. All of the outstanding LTIP units are held by officers of the Company.On February 15, 2024, the Board of Trustees granted 136,353 LTIP Class B units to executive officers.On February 7, 2025, the Board of