Martz Raymond D

SEC source: 0001326594-26-000003 · wk-form4_1770673262.xml · derivative · entry 2

Martz Raymond D · CIK 0001326594 · Co-President,CFO,Treasurer,Sec

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 434,197

Underlying: Common Shares · 56,218 shares

Expires not disclosed

F1 · 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 18,740, 18,739, and 18,739 LTIP Class B Units will vest on each of January 1, 2027, January 1, 2028, and January 1, 2029, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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.

F1 · 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 18,740, 18,739, and 18,739 LTIP Class B Units will vest on each of January 1, 2027, January 1, 2028, and January 1, 2029, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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.

F1 · 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 18,740, 18,739, and 18,739 LTIP Class B Units will vest on each of January 1, 2027, January 1, 2028, and January 1, 2029, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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.

F1 · 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 18,740, 18,739, and 18,739 LTIP Class B Units will vest on each of January 1, 2027, January 1, 2028, and January 1, 2029, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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: 0001474098-25-000031 · wk-form4_1739309024.xml · derivative · entry 3

Martz Raymond D · CIK 0001326594 · Co-President,CFO,Treasurer,Sec

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 377,979

Underlying: Common Shares · 47,426 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 15,809, 15,809, and 15,808 LTIP Class B Units will vest on January 1, 2026, January 1, 2027, and January 1, 2028, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 15,809, 15,809, and 15,808 LTIP Class B Units will vest on January 1, 2026, January 1, 2027, and January 1, 2028, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 15,809, 15,809, and 15,808 LTIP Class B Units will vest on January 1, 2026, January 1, 2027, and January 1, 2028, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 15,809, 15,809, and 15,808 LTIP Class B Units will vest on January 1, 2026, January 1, 2027, and January 1, 2028, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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: 0001474098-25-000031 · wk-form4_1739309024.xml · nonDerivative · entry 2

Martz Raymond D · CIK 0001326594 · Co-President,CFO,Treasurer,Sec

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 254,952

F2 · shares: Represents Common Shares sold to the Issuer as payment of tax upon vesting of 10,272 Common Shares.

SEC source: 0001474098-25-000031 · wk-form4_1739309024.xml · nonDerivative · entry 1

Martz Raymond D · CIK 0001326594 · Co-President,CFO,Treasurer,Sec

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 259,762

F1 · price: The Common Shares were issued to the reporting person upon certification by the Compensation Committee of the Board of the extent to which the performance objectives of the performance-based equity incentive award made in May 2022 to the reporting person had been achieved. The reporting person earned 32.0% of the target number of Common Shares issuable pursuant to the award. For more information on the performance-based equity incentive award, including the performance objectives and measurement period, see the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on March 31, 2023.

SEC source: 0001474098-25-000011 · wk-form4_1735943335.xml · nonDerivative · entry 1

Martz Raymond D · CIK 0001326594 · Co-President,CFO,Treasurer,Sec

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 249,490

F1 · shares: Represents Common Shares sold to the Issuer as payment of tax withholding upon vesting of 7,133 Common Shares.

SEC source: 0001474098-24-000050 · wk-form4_1709072915.xml · nonDerivative · entry 1

Martz Raymond D · CIK 0001326594 · Co-President,CFO,Treasurer,Sec

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 253,385

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.59 to $15.86, 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: 0001474098-24-000034 · wk-form4_1708464795.xml · derivative · entry 3

Martz Raymond D · CIK 0001326594 · Co-President,CFO,Treasurer,Sec

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 330,553

Underlying: Common Shares · 40,606 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 13,536, 13,535, and 13,535 LTIP Class B Units will vest on each of January 1, 2025, January 1, 2026, and January 1, 2027, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 13,536, 13,535, and 13,535 LTIP Class B Units will vest on each of January 1, 2025, January 1, 2026, and January 1, 2027, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 13,536, 13,535, and 13,535 LTIP Class B Units will vest on each of January 1, 2025, January 1, 2026, and January 1, 2027, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 13,536, 13,535, and 13,535 LTIP Class B Units will vest on each of January 1, 2025, January 1, 2026, and January 1, 2027, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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: 0001474098-24-000034 · wk-form4_1708464795.xml · nonDerivative · entry 2

Martz Raymond D · CIK 0001326594 · Co-President,CFO,Treasurer,Sec

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 264,826

F2 · shares: Represents Common Shares sold to the Issuer as payment of tax withholding due upon vesting of 21,696 Common Shares.

SEC source: 0001474098-24-000034 · wk-form4_1708464795.xml · nonDerivative · entry 1

Martz Raymond D · CIK 0001326594 · Co-President,CFO,Treasurer,Sec

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 275,430

F1 · price: The Common Shares were issued to the reporting person upon certification by the Compensation Committee of the Board of the extent to which the performance objectives of the performance-based equity incentive award made in February 2021 to the reporting person had been achieved. The reporting person earned 65.5% of the target number of Common Shares issuable pursuant to the award. For more information on the performance-based equity incentive award, including the performance objectives and measurement period, see the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on March 31, 2022.

SEC source: 0001474098-24-000014 · wk-form4_1704320969.xml · nonDerivative · entry 1

Martz Raymond D · CIK 0001326594 · Co-President,CFO,Treasurer,Sec

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 253,734

F1 · shares: Represents Common Shares sold to the Issuer as payment of tax withholding upon vesting of 14,494 Common Shares.

SEC source: 0001474098-23-000049 · wf-form4_167710204210828.xml · derivative · entry 3

Martz Raymond D · CIK 0001326594 · Co-President,CFO,Treasurer,Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 289,947

Underlying: Common Shares · 39,095 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 13,032, 13,032, and 13,031 LTIP Class B Units will vest on each of January 1, 2024, January 1, 2025, and January 1, 2026, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 13,032, 13,032, and 13,031 LTIP Class B Units will vest on each of January 1, 2024, January 1, 2025, and January 1, 2026, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 13,032, 13,032, and 13,031 LTIP Class B Units will vest on each of January 1, 2024, January 1, 2025, and January 1, 2026, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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's common units pursuant to the terms of the partnership agreement, may be exchanged at any time, at the election of the holder, for the Operating Partnership's common units on a one-for-one basis or, at the Operating Partnership's option, an equivalent amount of cash. 13,032, 13,032, and 13,031 LTIP Class B Units will vest on each of January 1, 2024, January 1, 2025, and January 1, 2026, respectively, subject to the reporting person's continued service as an employee of the Issuer. 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: 0001474098-23-000049 · wf-form4_167710204210828.xml · nonDerivative · entry 2

Martz Raymond D · CIK 0001326594 · Co-President,CFO,Treasurer,Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 261,284

F2 · shares: Represents Common Shares sold to the Issuer as payment of tax withholding due upon vesting of 17,327 Common Shares.

SEC source: 0001474098-23-000049 · wf-form4_167710204210828.xml · nonDerivative · entry 1

Martz Raymond D · CIK 0001326594 · Co-President,CFO,Treasurer,Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 269,440

F1 · price: The Common Shares were issued to the reporting person upon certification by the Compensation Committee of the Board of the extent to which the performance objectives of the performance-based equity incentive award made in February 2020 to the reporting person had been achieved. The reporting person earned 61.6% of the target number of Common Shares issuable pursuant to the award. For more information on the performance-based equity incentive award, including the performance objectives and measurement period, see the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 1, 2021.

SEC source: 0001474098-23-000016 · wf-form4_167286906873820.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 252,113

F1 · shares: Represents Common Shares sold to the Issuer as payment of tax withholding upon vesting of 20,745 Common Shares.

SEC source: 0001474098-22-000078 · wf-form4_165273477942460.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 262,751

F1 · shares: All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Board of Trustees. 7,134, 7,133, and 7,133 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, 2023, January 1, 2024, and January 1, 2025, respectively.

SEC source: 0001474098-22-000039 · wf-form4_164565722760597.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 262,751

F1 · shares: All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Board of Trustees. 7,134, 7,133, and 7,133 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, 2023, January 1, 2024, and January 1, 2025, respectively.

SEC source: 0001474098-22-000014 · wf-form4_164133916576169.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 241,351

F1 · shares: Represents Common Shares sold to the Issuer as payment of tax upon vesting of 18,412 Common Shares.

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: 0001474098-21-000048 · 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: 0001474098-21-000027 · 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: 0001474098-20-000059 · wf-form4_158508578541207.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,821

Underlying: Common Shares · 138,606 shares

Expires not disclosed

F1 · derivative.exercise_price: These 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, were awarded by the Board of Trustees of the Issuer (the "Board") to the reporting person on February 12, 2020. On March 22, 2020, the Board terminated the award and such LTIP Class B Units were forfeited. The LTIP Class B Units had no expiration date and were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

F1 · derivative.exercise_date: These 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, were awarded by the Board of Trustees of the Issuer (the "Board") to the reporting person on February 12, 2020. On March 22, 2020, the Board terminated the award and such LTIP Class B Units were forfeited. The LTIP Class B Units had no expiration date and were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

F1 · derivative.expiration_date: These 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, were awarded by the Board of Trustees of the Issuer (the "Board") to the reporting person on February 12, 2020. On March 22, 2020, the Board terminated the award and such LTIP Class B Units were forfeited. The LTIP Class B Units had no expiration date and were issued pursuant to the Issuer's 2009 Equity Incentive Plan as amended and restated.

SEC source: 0001474098-20-000028 · wf-form4_158171966246272.xml · derivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 197,427

Underlying: Common Shares · 138,606 shares

Expires not disclosed

F5 · 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. 34,652, 34,652, 34,651, and 34,651 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.

F5 · 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. 34,652, 34,652, 34,651, and 34,651 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.

F5 · 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. 34,652, 34,652, 34,651, and 34,651 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.

F5 · 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. 34,652, 34,652, 34,651, and 34,651 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: 0001474098-20-000028 · wf-form4_158171966246272.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 235,730

F4 · shares: Represents Common Shares sold to the Issuer as payment of tax withholding due upon vesting of 7,028 Common Shares.

SEC source: 0001474098-20-000028 · wf-form4_158171966246272.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 239,129

F3 · price: The Common Shares were issued to the reporting person upon certification by the Compensation Committee of the Board of the extent to which the performance objectives of the performance-based equity incentive award made in February 2017 to the reporting person had been achieved. The reporting person earned 2.9% of the target number of Common Shares issuable pursuant to the award. For more information on the performance-based equity incentive award, including the performance objectives and measurement period, see the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 27, 2018.

SEC source: 0001474098-20-000028 · wf-form4_158171966246272.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 238,672

F2 · price: The Common Shares were issued to the reporting person upon certification by the Compensation Committee of the Board of the extent to which the performance objectives of the performance-based equity incentive award made in December 2013 to the reporting person had been achieved for the measurement period ended December 31, 2019. For that measurement period, the reporting person earned 11.17% of the target number of Common Shares issuable pursuant to the award. For more information on the performance-based equity incentive award, including the performance objectives and measurement period, see the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on March 28, 2014.

SEC source: 0001474098-20-000028 · wf-form4_158171966246272.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 232,101

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"). 6,251, 6,251, and 6,250 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, 2021, January 1, 2022, and January 1, 2023, respectively.

SEC source: 0001474098-20-000019 · wf-form4_157800511524959.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 213,349

F1 · shares: Represents Common Shares sold to the Issuer as payment of tax upon vesting of 11,799 Common Shares.

SEC source: 0001209191-19-010795 · doc4.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 219,306

F4 · shares: Represents Common Shares sold to the Issuer as payment of tax withholding due upon vesting of 41,171 Common Shares.

SEC source: 0001209191-19-010795 · doc4.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 239,193

F3 · price: The Common Shares were issued to the reporting person upon certification by the Compensation Committee of the Board of Trustees of the Issuer of the extent to which the performance objectives of the performance-based equity incentive award made in February 2016 to the reporting person had been achieved. The reporting person earned 170.2% of the target number of Common Shares issuable pursuant to the award. For more information on the performance-based equity incentive award, including the performance objectives and measurement period, see the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 28, 2017.

SEC source: 0001209191-19-010795 · doc4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 206,382

F2 · price: The Common Shares were issued to the reporting person upon certification by the Compensation Committee of the Board of Trustees of the Issuer of the extent to which the performance objectives of the performance-based equity incentive award made in December 2013 to the reporting person had been achieved for the measurement period ended December 31, 2018. For that measurement period, the reporting person earned 14.21% of the target number of Common Shares issuable pursuant to the award. For more information on the performance-based equity incentive award, including the performance objectives and measurement period, see the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on March 28, 2014.

SEC source: 0001209191-19-010795 · doc4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 198,022

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"). 4,800, 4,799, and 4,799 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, 2020, January 1, 2021, and January 1, 2022, respectively.

SEC source: 0001209191-19-001515 · doc4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 183,624

F1 · shares: Represents Common Shares sold to the Issuer as payment of tax withholding due upon vesting of 11,284 Common Shares.

SEC source: 0001209191-18-019321 · doc4.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 189,302

F3 · shares: Represents Common Shares sold to the Issuer as payment of tax withholding due upon vesting of 20,229 Common Shares.

SEC source: 0001209191-18-019321 · doc4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 199,074

F2 · price: The Common Shares were issued to the reporting person upon certification by the Compensation Committee of the Board of Trustees of the Issuer of the extent to which the performance objectives of the performance-based equity incentive award made in February 2015 to the reporting person had been achieved. The reporting person earned 39% of the target number of Common Shares issuable pursuant to the award. For more information on the performance-based equity incentive award, including the performance objectives and measurement period, see the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 29, 2016.

SEC source: 0001209191-18-019321 · doc4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 195,870

F1 · price: The Common Shares were issued to the reporting person upon certification by the Compensation Committee of the Board of Trustees of the Issuer of the extent to which the performance objectives of the performance-based equity incentive award made in December 2013 to the reporting person had been achieved for the measurement period ended December 31, 2017. For that measurement period, the reporting person earned 28.94% of the target number of Common Shares issuable pursuant to the award. For more information on the performance-based equity incentive award, including the performance objectives and measurement period, see the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on March 28, 2014.

SEC source: 0001209191-18-010470 · doc4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 178,845

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"). 3,503, 3,503 and 3,503 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, 2019, January 1, 2020, and January 1, 2021, respectively.

SEC source: 0001209191-18-001454 · doc4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 168,336

F1 · shares: Represents Common Shares sold to the Issuer as payment of tax upon vesting of 9,621 Common Shares.

SEC source: 0001209191-17-026861 · doc4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 173,149

F1 · shares: The securities were sold pursuant to a Rule 10b5-1 plan entered into by the reporting person in December 2016.

F2 · price: The securities were sold in multiple transactions at prices per share ranging from $29.66 to $29.71, 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: 0001209191-17-022351 · doc4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 178,851

F1 · shares: The securities sold recently vested under a three-year performance-award agreement awarded on February 4, 2014.

F2 · price: The securities were sold in multiple transactions at prices per share ranging from $27.39 to $28.49, 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: 0001209191-17-020843 · doc4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 191,679

F2 · shares: Represents Common Shares sold to the Issuer as payment of tax withholding due upon vesting of 24,646 Common Shares.

SEC source: 0001209191-17-020843 · doc4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 203,497

F1 · price: The Common Shares were issued to the reporting person upon certification by the Compensation Committee of the Board of Trustees of the Issuer of the extent to which the performance objectives of the performance-based equity incentive award made in February 2014 to the reporting person had been achieved. The reporting person earned 100% of the maximum number of Common Shares issuable pursuant to the award. For more information on the performance-based equity incentive award, including the performance objectives and measurement period, see the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 30, 2015.

SEC source: 0001209191-17-012176 · doc4.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 178,851

F3 · shares: Represents Common Shares sold to the Issuer as payment of tax upon vesting of 2,895 Common Shares.

SEC source: 0001209191-17-012176 · doc4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 179,817

F2 · price: The Common Shares were issued to the reporting person upon certification by the Compensation Committee of the Board of the extent to which the performance objectives of the performance-based equity incentive award made in December 2013 to the reporting person had been achieved for the measurement period ended December 31, 2016. For that measurement period, the reporting person earned 4.92% of the target number of Common Shares issuable pursuant to the award. For more information on the performance-based equity incentive award, including the performance objectives and measurement period, see the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on March 28, 2014.

SEC source: 0001209191-17-012176 · doc4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 176,922

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"). 3,497, 3,497, and 3,496 of these shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on January 1, 2018, January 1, 2019, and January 1, 2020, respectively.

SEC source: 0001209191-17-001547 · doc4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 166,432

F1 · shares: Represents Common Shares sold to the Issuer as payment of tax withholding due upon vesting of 8,863 restricted Common Shares on January 3, 2017.