{"schema_version":"secwatch.filing_event.v1","accession":"0001474098-23-000057","form_type":"8-K","ticker":"PEB","cik":"0001474098","company_name":"Pebblebrook Hotel Trust","filed_at":"2023-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.148037+00:00","generated_at":"2026-06-19T00:39:59.607336+00:00","sec_items":["1.01","5.03","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Pebblebrook Hotel Trust authorizes $150M common and $100M preferred share repurchase; appoints Co-Presidents","bullets":["Board authorized $150M common and $100M preferred share repurchase programs; no expiration.","Raymond Martz and Thomas Fisher appointed Co-Presidents; Bortz remains CEO/Chairman, President title removed.","2023 compensation: Bortz base $790k, target bonus $1.3M; Martz and Fisher base $525k, target bonus $550k each.","Long-term equity: 40% time-based (LTIP units/shares) and 60% performance units tied to TSR over 3 years.","Bylaws amended for universal proxy rules and majority voting standard."],"urls":{"canonical":"https://secwatch.observer/filing/0001474098-23-000057","json":"https://secwatch.observer/filing/0001474098-23-000057.json","markdown":"https://secwatch.observer/filing/0001474098-23-000057.md","text":"https://secwatch.observer/filing/0001474098-23-000057.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1474098/000147409823000057/0001474098-23-000057-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1474098/000147409823000057/peb-20230217.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T00:39:59.607336+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"69944b8058ca777ff760701af8d39562a715f5ad","claim":"Pebblebrook Hotel Trust: Amended and restated bylaws primarily to address universal proxy rules under Rule 14a-19, with additional enhancements and technical changes (effective 2023-02-17).","evidence_excerpt":"On February 17, 2023, the Board amended and restated the Company’s bylaws (as so amended and restated, the “Bylaws”) primarily to address Rule 14a-19 under the Securities Exchange Act of 1934, as amended, commonly referred to as the “universal proxy rules,”","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1474098/000147409823000057/0001474098-23-000057-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-02-17"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}