Company: PEB
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001474098-25-000062
Chunk: 22

Company: Pebblebrook Hotel Trust
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 22
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 discussing issues from the Board’s executive sessions and other meetings of the independent trustees.

#### Chairman of the Board
Mr. Bortz serves as both our Chairman of the Board and our Chief Executive Officer. We believe that it is in the best interests of the Company and our shareholders for Mr. Bortz to serve as our Chairman, because of his unique insight into the Company as well as the lodging industry and his excellent reputation among institutional investors. We believe that regular meetings of independent trustees, without management present, and permitting each trustee to add items to the agenda of meetings of the Board and its committees mitigate the risk that having our Chief Executive Officer serve as our Chairman may cause management to have undue influence on the Board.

| CORPORATE SUSTAINABILITY AND RESPONSIBILITY |

Our Corporate Sustainability and Responsibility (“CSR”) Committee, which reports to the Nominating and Corporate Governance Committee of the Board, sets our sustainability and social responsibility strategy and oversees implementation and reporting. The committee has seven members, including three of our independent trustees (Ms. Simi, Ms. Donnell, and Mr. Miller), Mr. Martz and three of our employees. Chaired by Ms. Simi, the committee is charged with creating relevant corporate sustainability and social policies, setting baselines, engaging stakeholders, and encouraging continuous monitoring and improvement.

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We have built achievement of corporate sustainability and responsibility goals into the compensation program for our executive officers and other employees. Since 2022, 10% of our named executive officers’ (and employees’) target cash incentive bonus each year has been determined by the degree to which the Company successfully continues the development of its corporate sustainability and responsibility program and meets the program's commitments.

In 2024, we added multiple initiatives to achieve our corporate commitment to reduce our greenhouse gas emissions intensity by 35% by 2030. We believe that by focusing on achieving this goal, while remaining committed to better understanding the ever-evolving social and environmental impacts our business has on the communities in which we operate, we will be best equipped to deliver attractive, risk-adjusted long-term total returns to our shareholders. Throughout the year, we expanded our efforts to support charitable organizations, and we remained committed to our values of corporate sustainability and responsibility.

In 2024, we demonstrated our dedication to addressing social, sustainable and governance risks as we:

• retained a leading provider of sustainability programs and data management for the hospitality industry to review the environmental footprint of Mission Bay Resort and Westin Gas