Pebblebrook Hotel Trust sets 2025 exec comp: Bortz base $840k, equity awards up to 336,506 units

Pebblebrook Hotel Trust

Base salaries: Bortz $840k, Martz $560k, Fisher $560k; target cash bonuses: Bortz $1.39M, others $590k.
Time-based LTIP grants: Bortz 112,168 LTIP units, Martz 47,426 LTIP units, Fisher 47,426 RSUs; vest in 1/3 increments over 3 years.
Performance units target: Bortz 168,253, Martz 71,139, Fisher 71,139; vest based on Relative TSR (70%) and Absolute TSR (30%) over 2025-2027.
Cash incentive bonus tied to six objectives including Adjusted FFO per share, dispositions, same-property hotel EBITDA, RevPAR penetration, hurricane recovery, CSR/compliance.
Maximum cash payout is 200% of target; performance units capped at 100% if TSR negative.

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