PEB

SEC source: 0001474098-21-000221 · wf-form4_164081693500618.xml · nonDerivative · entry 2

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,999

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.90 to $24.92, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-21-000221 · wf-form4_164081693500618.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

SEC source: 0001474098-21-000219 · wf-form4_164064690379998.xml · nonDerivative · entry 3

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,499

SEC source: 0001474098-21-000219 · wf-form4_164064690379998.xml · nonDerivative · entry 2

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 961

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.01 to $25.05, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-21-000219 · wf-form4_164064690379998.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,851

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.004 to $25.10, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-21-000217 · wf-form4_164021034435719.xml · nonDerivative · entry 3

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,505

SEC source: 0001474098-21-000217 · wf-form4_164021034435719.xml · nonDerivative · entry 2

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,944

SEC source: 0001474098-21-000217 · wf-form4_164021034435719.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,002

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.01 to $25.04, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-21-000215 · wf-form4_164003897355585.xml · nonDerivative · entry 2

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,234

SEC source: 0001474098-21-000215 · wf-form4_164003897355585.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,961

SEC source: 0001474098-21-000197 · wf-form4_163771642189372.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,465

SEC source: 0001474098-21-000195 · wf-form4_163675322060036.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,673

SEC source: 0001474098-21-000193 · wf-form4_163649366219909.xml · nonDerivative · entry 3

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,813

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.00 to $25.03, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-21-000193 · wf-form4_163649366219909.xml · nonDerivative · entry 2

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,868

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.10 to $25.19, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-21-000191 · wf-form4_163642215284847.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,340

SEC source: 0001474098-21-000193 · wf-form4_163649366219909.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,291

SEC source: 0001474098-21-000177 · wf-form4_163303596751749.xml · nonDerivative · entry 2

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,813

SEC source: 0001474098-21-000177 · wf-form4_163303596751749.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,291

SEC source: 0001474098-21-000157 · wf-form4_162975095073881.xml · nonDerivative · entry 2

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: The security was called for redemption by the Issuer at a per-share price equal to the security's liquidation preference value.

SEC source: 0001474098-21-000157 · wf-form4_162975095073881.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: The security was called for redemption by the Issuer at a per-share price equal to the security's liquidation preference value.

SEC source: 0001474098-21-000061 · wf-form4_161498114767001.xml · nonDerivative · entry 1

Fisher Thomas Charles · CIK 0001480818 · EVP, Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 177,847

F1 · shares: The common shares sold were received in lieu of cash that was earned under the 2020 annual cash bonus incentive award based on performance against certain management objectives and goals established by the Board, after withholding for tax purposes.

F2 · price: The securities were sold in multiple transactions at prices per share ranging from $23.60 to $23.71, inclusive. The price shown is a weighted average of the per-share prices in those transactions. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001474098-21-000062 · wf-form4_161498116867694.xml · nonDerivative · entry 1

Martz Raymond D · CIK 0001326594 · Exec VP, CFO, Treasurer, Secre

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 250,581

F1 · shares: The common shares sold were received in lieu of cash that was earned under the 2020 annual cash bonus incentive award based on performance against certain management objectives and goals established by the Board, after withholding for tax purposes.

F2 · price: The securities were sold in multiple transactions at prices per share ranging from $23.66 to $23.80, inclusive. The price shown is a weighted average of the per-share prices in those transactions. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001474098-21-000047 · wf-form4_161402963345292.xml · derivative · entry 3

Fisher Thomas Charles · CIK 0001480818 · EVP, Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 250,852

Underlying: Common Shares · 192,031 shares

Expires not disclosed

F3 · derivative.exercise_price: Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Class B Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 48,008, 48,008, 48,008, and 48,007 LTIP Class B Units will vest, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2023, January 1, 2024, January 1, 2025, and January 1, 2026, respectfully. The LTIP Class B Units have no expiration date. The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

F3 · price: Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Class B Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 48,008, 48,008, 48,008, and 48,007 LTIP Class B Units will vest, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2023, January 1, 2024, January 1, 2025, and January 1, 2026, respectfully. The LTIP Class B Units have no expiration date. The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

F3 · derivative.exercise_date: Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Class B Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 48,008, 48,008, 48,008, and 48,007 LTIP Class B Units will vest, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2023, January 1, 2024, January 1, 2025, and January 1, 2026, respectfully. The LTIP Class B Units have no expiration date. The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

F3 · derivative.expiration_date: Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Class B Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 48,008, 48,008, 48,008, and 48,007 LTIP Class B Units will vest, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2023, January 1, 2024, January 1, 2025, and January 1, 2026, respectfully. The LTIP Class B Units have no expiration date. The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

SEC source: 0001474098-21-000047 · wf-form4_161402963345292.xml · nonDerivative · entry 2

Fisher Thomas Charles · CIK 0001480818 · EVP, Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 187,113

F2 · shares: The Common Shares were issued to the reporting person, pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated, in lieu of cash based on the extent to which the performance objectives of the annual cash bonus award made in February 2020 had been achieved for the measurement period ended December 31, 2020. The reporting person earned 75% of the target amount of cash issuable pursuant to the award.

SEC source: 0001474098-21-000047 · wf-form4_161402963345292.xml · nonDerivative · entry 1

Fisher Thomas Charles · CIK 0001480818 · EVP, Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 177,847

F1 · shares: All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Board of Trustees (the "Board"). 7,362, 7,361, and 7,361 of these shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2022, January 1, 2023, and January 1, 2024, respectively.

SEC source: 0001474098-21-000048 · wf-form4_161402969158988.xml · derivative · entry 3

Martz Raymond D · CIK 0001326594 · Exec VP, CFO, Treasurer, Secre

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 250,852

Underlying: Common Shares · 192,031 shares

Expires not disclosed

F3 · derivative.exercise_price: Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Class B Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 48,008, 48,008, 48,008, and 48,007 LTIP Class B Units will vest, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2023, January 1, 2024, January 1, 2025, and January 1, 2026, respectfully. The LTIP Class B Units have no expiration date. The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

F3 · price: Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Class B Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 48,008, 48,008, 48,008, and 48,007 LTIP Class B Units will vest, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2023, January 1, 2024, January 1, 2025, and January 1, 2026, respectfully. The LTIP Class B Units have no expiration date. The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

F3 · derivative.exercise_date: Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Class B Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 48,008, 48,008, 48,008, and 48,007 LTIP Class B Units will vest, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2023, January 1, 2024, January 1, 2025, and January 1, 2026, respectfully. The LTIP Class B Units have no expiration date. The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

F3 · derivative.expiration_date: Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Class B Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 48,008, 48,008, 48,008, and 48,007 LTIP Class B Units will vest, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2023, January 1, 2024, January 1, 2025, and January 1, 2026, respectfully. The LTIP Class B Units have no expiration date. The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

SEC source: 0001474098-21-000048 · wf-form4_161402969158988.xml · nonDerivative · entry 2

Martz Raymond D · CIK 0001326594 · Exec VP, CFO, Treasurer, Secre

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 259,847

F2 · shares: The Common Shares were issued to the reporting person, pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated, in lieu of cash based on the extent to which the performance objectives of the annual cash bonus award made in February 2020 had been achieved for the measurement period ended December 31, 2020. The reporting person earned 75% of the target amount of cash issuable pursuant to the award.

SEC source: 0001474098-21-000048 · wf-form4_161402969158988.xml · nonDerivative · entry 1

Martz Raymond D · CIK 0001326594 · Exec VP, CFO, Treasurer, Secre

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 250,402

F1 · shares: All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Board of Trustees (the "Board"). 7,362, 7,361, and 7,361 of these shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2022, January 1, 2023, and January 1, 2024, respectively.

SEC source: 0001474098-21-000046 · wf-form4_161402961738992.xml · derivative · entry 4

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 216,035

Underlying: Common Shares · 216,035 shares

Expires not disclosed

F4 · derivative.exercise_price: Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Class B Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 54,009, 54,009, 54,009 and 54,008 LTIP Class B Units will vest, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2023, January 1, 2024, January 1, 2025, and January 1, 2026, respectfully. The LTIP Class B Units have no expiration date. The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

F4 · price: Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Class B Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 54,009, 54,009, 54,009 and 54,008 LTIP Class B Units will vest, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2023, January 1, 2024, January 1, 2025, and January 1, 2026, respectfully. The LTIP Class B Units have no expiration date. The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

F4 · derivative.exercise_date: Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Class B Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 54,009, 54,009, 54,009 and 54,008 LTIP Class B Units will vest, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2023, January 1, 2024, January 1, 2025, and January 1, 2026, respectfully. The LTIP Class B Units have no expiration date. The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

F4 · derivative.expiration_date: Represents restricted units of limited partnership interest ("LTIP Class B Units") in Pebblebrook Hotel, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Class B Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for Operating Partnership units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 54,009, 54,009, 54,009 and 54,008 LTIP Class B Units will vest, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2023, January 1, 2024, January 1, 2025, and January 1, 2026, respectfully. The LTIP Class B Units have no expiration date. The LTIP Class B Units were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

SEC source: 0001474098-21-000046 · wf-form4_161402961738992.xml · nonDerivative · entry 2

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 974,876

F2 · shares: The Common Shares were issued to the reporting person, pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated, in lieu of cash based on the extent to which the performance objectives of the annual cash bonus award made in February 2020 had been achieved for the measurement period ended December 31, 2020. The reporting person earned 75% of the target amount of cash issuable pursuant to the award.

SEC source: 0001474098-21-000046 · wf-form4_161402961738992.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 952,391

F1 · shares: All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Board of Trustees (the "Board"). 17,923, 17,923, and 17,923 of these shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer or an affiliate, on January 1, 2022, January 1, 2023, and January 1, 2024, respectively.

SEC source: 0001474098-21-000020 · wf-form4_160988467134536.xml · nonDerivative · entry 1

WEBB EARL E · CIK 0001042560 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,456

F1 · price: Payment of 50 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2020. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

SEC source: 0001474098-21-000025 · wf-form4_160988485836244.xml · nonDerivative · entry 1

Fisher Thomas Charles · CIK 0001480818 · EVP, Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 155,763

F1 · shares: Represents Common Shares sold to the Issuer as payment of tax upon vesting of 14,553 Common Shares.

SEC source: 0001474098-21-000023 · wf-form4_160988473189237.xml · nonDerivative · entry 1

Jackson Ron E. · CIK 0001478013 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,104

F1 · price: Payment of 100 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2020. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

SEC source: 0001474098-21-000027 · wf-form4_160988488808909.xml · nonDerivative · entry 1

Martz Raymond D · CIK 0001326594 · Exec VP, CFO, Treasurer, Secre

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 228,318

F1 · shares: Represents Common Shares sold to the Issuer as payment of tax upon vesting of 14,553 Common Shares.

SEC source: 0001474098-21-000026 · wf-form4_160988487310714.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 898,622

F1 · shares: Represents Common Shares sold to the Issuer as payment of tax upon vesting of 34,778 Common Shares.

SEC source: 0001474098-21-000024 · wf-form4_160988474954463.xml · nonDerivative · entry 1

Simi Bonny W · CIK 0001703083 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,377

F1 · price: Payment of 50 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2020. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

SEC source: 0001474098-21-000022 · wf-form4_160988471112169.xml · nonDerivative · entry 1

Miller Phillip M. · CIK 0001520301 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,365

F1 · price: Payment of 50 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2020. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

SEC source: 0001474098-21-000019 · wf-form4_160988465170607.xml · nonDerivative · entry 1

SCHALL MICHAEL J · CIK 0001198212 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,267

F1 · price: Payment of 100 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2020. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

F2 · balance_after: The reporting person disclaims beneficial ownership with respect to one-half of all but 500 of these shares.

SEC source: 0001474098-21-000021 · wf-form4_160988469053805.xml · nonDerivative · entry 1

Donnell Cydney · CIK 0001299104 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,678

F1 · price: Payment of 100 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2020. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.

SEC source: 0001474098-20-000136 · wf-form4_160504279017783.xml · nonDerivative · entry 2

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,291

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.950 to $21.040, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-20-000136 · wf-form4_160504279017783.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,626

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.819 to $20.980, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-20-000134 · wf-form4_160461030543105.xml · nonDerivative · entry 3

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,813

F3 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.78340 to $20.87000, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-20-000134 · wf-form4_160461030543105.xml · nonDerivative · entry 2

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,090

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.94500 to $21.17000, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-20-000134 · wf-form4_160461030543105.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,600

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.12200 to $21.24000, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-20-000119 · wf-form4_160028757303766.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,000

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.35 to $21.48, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-20-000113 · wf-form4_160013381707407.xml · nonDerivative · entry 3

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,986

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.10 to $21.21, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-20-000113 · wf-form4_160013381707407.xml · nonDerivative · entry 2

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,100

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.10 to $21.21, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-20-000113 · wf-form4_160013381707407.xml · nonDerivative · entry 1

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,493

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.3965 to $21.44, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.

SEC source: 0001474098-20-000111 · wf-form4_159985508235889.xml · nonDerivative · entry 6

BORTZ JON E · CIK 0001229310 · Director · Chairman, President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,916

F4 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.69 to $20.94, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.