0001474098-21-000047.txt : 20210222
0001474098-21-000047.hdr.sgml : 20210222
20210222163444
ACCESSION NUMBER: 0001474098-21-000047
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210218
FILED AS OF DATE: 20210222
DATE AS OF CHANGE: 20210222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Fisher Thomas Charles
CENTRAL INDEX KEY: 0001480818
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34571
FILM NUMBER: 21660832
MAIL ADDRESS:
STREET 1: 10319 WESTLAKE DRIVE
STREET 2: SUITE 112
CITY: BETHESDA
STATE: MD
ZIP: 20817
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Pebblebrook Hotel Trust
CENTRAL INDEX KEY: 0001474098
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 271055421
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4747 BETHESDA AVENUE
STREET 2: SUITE 1100
CITY: BETHESDA
STATE: MD
ZIP: 20814
BUSINESS PHONE: 240-507-1300
MAIL ADDRESS:
STREET 1: 4747 BETHESDA AVENUE
STREET 2: SUITE 1100
CITY: BETHESDA
STATE: MD
ZIP: 20814
4
1
wf-form4_161402963345292.xml
FORM 4
X0306
4
2021-02-18
0
0001474098
Pebblebrook Hotel Trust
PEB
0001480818
Fisher Thomas Charles
4747 BETHESDA AVE
SUITE 1100
BETHESDA
MD
20814
0
1
0
0
EVP, Chief Investment Officer
Common Shares
2021-02-18
4
A
0
22084
0
A
177847
D
Common Shares
2021-02-18
4
A
0
9266
20.83
A
187113
D
LTIP Class B Units
2021-02-18
4
A
0
192031
A
Common Shares
192031.0
250852
D
LTIP Class A Units
Common Shares
9469.0
9469
D
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.
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.
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.
Represents restricted units of limited partnership interest ("LTIP Class A Units") in the Operating Partnership, of which the Issuer is the general partner. All LTIP Class A Units have vested and have reached parity with the Operating Partnership units pursuant to the terms of the partnership agreement and 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. The LTIP Class A Units have no expiration date.
/s/ Andrew H. Dittamo, as attorney-in-fact, for Thomas C. Fisher
2021-02-22