secwatch.observer — SEC 8-K summary
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Issuer:     Pebblebrook Hotel Trust (PEB)
CIK:        0001474098
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001474098-23-000057
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pebblebrook Hotel Trust authorizes $150M common and $100M preferred share repurchase; appoints Co-Presidents
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474098/000147409823000057/0001474098-23-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474098/000147409823000057/peb-20230217.htm
  HTML page:      https://secwatch.observer/filing/0001474098-23-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer