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