SEC Form 4 · accession 0001209191-19-010796
Pebblebrook Hotel Trust · PEB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Charles Fisher
Officer — EVP, Chief Investment Officer
Period of report
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 7:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001474098
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Feb 13, 2019 | A | 14,398 | $0.00 | A | 125,450 | D | |
| Common SharesF2 | Feb 13, 2019 | A | 8,360 | — | A | 133,810 | D | |
| Common SharesF3 | Feb 13, 2019 | A | 32,811 | — | A | 166,621 | D | |
| Common SharesF4 | Feb 13, 2019 | F | 19,887 | $32.70 | D | 146,734 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1All 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.
- F2The 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.
- F3The 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.
- F4Represents Common Shares sold to the Issuer as payment of tax withholding due upon vesting of 41,171 Common Shares.