Pebblebrook Hotel Trust (PEB) investor relations material

Executive summary

• The annual meeting is scheduled for May 29, 2026, with shareholders voting on trustee elections, auditor ratification, executive compensation, and an amendment to allow removal of trustees without cause.

• The company owns 44 hotels and resorts in major U.S. cities and resort markets, focusing on upper-upscale and luxury properties.

• Proxy materials are available electronically, and shareholders are encouraged to vote by internet, phone, or mail.

Voting matters and shareholder proposals

• Election of seven trustees, including a new nominee, Nina P. Jones, following the retirement of Ron E. Jackson.

• Ratification of KPMG LLP as independent registered public accountants for 2026.

• Advisory vote on executive compensation (say-on-pay), with a majority required for approval.

• Proposal to amend the declaration of trust to allow shareholders to remove trustees without cause, requiring a two-thirds majority.

Board of directors and corporate governance

• Board will reduce to seven members after the annual meeting, with 86% independence expected.

• Lead Trustee and committee chairs are independent; board diversity includes 43% female and 14% minority representation.

• Annual board self-assessment and refreshment policy to maintain average independent trustee tenure at 12 years or less.

• Shareholder rights include proxy access, bylaw amendment, and (if approved) removal of trustees without cause.