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Gaming & Lodging

Pebblebrook Hotel Trust Executive Compensation (FY25)

PEB · Bethesda, MD · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 2, 2026
186 figures on this page: 176 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Jon Bortz
Latest say-on-pay support
=
May 29, 2026
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Jon Bortz: $7,377,014 → $6,589,254 (10.7% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Pebblebrook Hotel Trust's chief executive and what were they paid?
Total compensation for Jon Bortz, Chief Executive Officer and Chairman of the Board, came to $6,589,254 in fiscal 2025. Bortz's total was 10.7% lower than the $7,377,014 reported for fiscal 2024.
What was Pebblebrook Hotel Trust's say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 90.7% support at the meeting held May 29, 2026.
Which companies are in Pebblebrook Hotel Trust's peer group?
Companies named in the disclosed peer group include Apple Hospitality REIT, Inc., Chatham Lodging Trust, DiamondRock Hospitality Company, Host Hotels & Resorts, Inc. and Park Hotels & Resorts Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jon Bortz
Chief Executive Officer and Chairman of the Board
◇—◇—◇—◇◇
Raymond Martz
Co-President Chief Financial Officer Treasurer and Secretary
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jon Bortz
Chief Executive Officer and Chairman of the Board
◇◇◇—◇—◇◇
Thomas Fisher
Co-President Chief Investment Officer
◇◇◇—◇—◇◇
Raymond Martz
Co-President, Chief Financial Officer, Treasurer and Secretary
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jon Bortz
Chief Executive Officer and Chairman of the Board
◇—◇—◇—◇◇
Thomas Fisher
Co-President Chief Investment Officer
◇—◇—◇—◇◇
Raymond Martz
Co-President, Chief Financial Officer, Treasurer and Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jon Bortz
Chief Executive Officer and Chairman of the Board
◇—◇—◇—◇◇
Thomas Fisher
Co-President, Chief Investment Officer
◇—◇—◇—◇◇
Raymond Martz
Co-President, Chief Financial Officer, Treasurer, and Secretary
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Jon E. BortzRSU◇——◇——◇
Jon E. BortzPSU◇◇◇—◇—◇
Raymond D. MartzRSU◇——◇——◇
Raymond D. MartzPSU◇◇◇—◇—◇
Thomas C. FisherPSU◇◇◇—◇—◇
Thomas C. FisherRSU◇——◇——◇
Time-Based EquityPSU◇—— withheld—◇—◇
Time-Based EquityPSU◇◇◇—◇—◇
Time-Based EquityPSU◇◇◇—◇—◇
Time-Based EquityPSU◇—— withheld—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jon BortzRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Raymond MartzRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Thomas FisherRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Earl E. Webb
◇—————◇
Ron E. Jackson
◇—————◇
Bonny W. Simi
◇—————◇
Michael J. Schall
◇—————◇
Cydney C. Donnell
◇—————◇
Phillip M. Miller
◇—————◇
Jon E. Bortz and Nina P. Jones served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Apple Hospitality REIT, Inc. APLE
  • Chatham Lodging Trust CLDT
  • DiamondRock Hospitality Company DRH
  • Host Hotels & Resorts, Inc. HST
  • Park Hotels & Resorts Inc. PK
  • RLJ Lodging Trust RLJ
  • Ryman Hospitality Properties, Inc. RHP
  • Summit Hotel Properties, Inc. INN
  • Sunstone Hotel Investors, Inc. SHO
  • Xenia Hotels & Resorts, Inc. XHR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 29, 2026=◇◇◇
2024May 23, 2025=◇◇◇
2023May 24, 2024=◇◇◇
2022May 23, 2023=◇◇◇
2021June 21, 2022=◇◇◇
2020May 19, 2021=◇◇◇
2019May 19, 2020=◇◇◇
2018June 13, 2019=◇◇◇
2016June 30, 2017=◇◇◇
2015July 7, 2016=◇◇◇
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What this page does not include

Everything above is a fact Pebblebrook Hotel Trust disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Pebblebrook Hotel Trust sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
186 figures on this page: 176 cited to the filing that reported them, 10 calculated from figures it prints.
176 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001474098-26-000046
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001474098-26-000030
    GRANTS OF PLAN-BASED AWARDS TABLE · Grants of Plan-Based Awards Table · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END TABLE · SUMMARY COMPENSATION TABLE · and 1 more section
  3. 0001474098-25-000093
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001474098-25-000062
    SUMMARY COMPENSATION TABLE
  5. 0001474098-24-000085
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001474098-24-000064
    SUMMARY COMPENSATION TABLE
  7. 0001474098-23-000111
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001474098-23-000093
    SUMMARY COMPENSATION TABLE
  9. 0001474098-22-000088
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001474098-21-000107
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001474098-20-000080
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001474098-19-000058
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001474098-17-000039
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001474098-16-000127
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Velarion, “Pebblebrook Hotel Trust executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PEB (accessed 2026).
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Gaming & Lodging rankings

Chief executive pay — Gaming & LodgingCEO pay ratio — Gaming & LodgingSay-on-pay support — Gaming & Lodging

Peers Pebblebrook Hotel Trust discloses

The companies named in PEB's own disclosed peer group.

Apple Hospitality REIT, Inc.Chatham Lodging TrustDiamondRock Hospitality CompanyHost Hotels & Resorts, Inc.Park Hotels & Resorts Inc.RLJ Lodging TrustRyman Hospitality Properties, Inc.Summit Hotel Properties, Inc.Sunstone Hotel Investors, Inc.Xenia Hotels & Resorts, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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