Pebblebrook Hotel Trust

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 1, 2026, Bill Bayless joined the Board of Trustees (the “Board”) of Pebblebrook Hotel Trust (the “Company”). Mr. Bayless will serve until the Company’s 2027 annual meeting of shareholders and until his successor is duly elected and qualified. As previously disclosed, the Board elected Mr. Bayless to the Board on February 5, 2026. Mr. Bayless is the Chief Executive Officer and Executive Chairman of Maslow’s Campus Communities, which he founded, and a widely recognized real estate operator and capital markets leader who helped build and institutionalize the modern student housing sector. Over his career spanning more than 35 years, Mr. Bayless has been involved in nearly $30 billion in real estate transactions. He co-founded American Campus Communities (formerly NYSE: ACC), a student housing REIT, and led its growth from an early-stage platform into the first publicly traded student housing company. In 2022, he helped lead that company’s nearly $13 billion sale to Blackstone. Mr. Bayless has served in leadership roles across the REIT and multifamily industries, including as a member of the Board of Governors of Nareit and the National Multifamily Housing Council. He has been recognized for innovation and leadership, including as Ernst & Young National Entrepreneur of the Year (Real Estate, Construction & Hospitality). On October 1, 2026, the Company has entered into an indemnification agreement with Mr. Bayless substantially in the form of the indemnification agreement the Company has entered into with all of its other trustees and executive officers, which was filed by the Company with the United States Securities and Exchange Commission (the “SEC”) on November 10, 2009 as Exhibit 10.4 to Amendment No. 1 to the Company’s Registration Statement on Form S-11. The indemnification agreements generally provide for the indemnification of and advancement of expenses to a trustee to the maximum extent permitted by Maryland law for claims, suits or proceedings arising out of his or her service to the Company. Mr. Bayless will receive the same fees for his service on the Board as the Company’s other independent trustees, which fees were disclosed in the proxy statement for the Company’s 2026 Annual Meeting of Shareholders, filed with the SEC on April 17, 2026. The first payment of cash compensation to Mr. Bayless for service on the Board will be pro-rated from his date of joining the Board. In addition, upon joining the Board, Mr. Bayless received a one-time award of $50,000 in common shares of beneficial interest of the Company. The shares granted under the award will vest in one-third increments annually over three years assuming continued service on the Board. The award was made pursuant to an agreement substantially in the form of the share award agreement the Company has entered into with all of its other independent trustees, which was previously filed by the Company with the SEC on November 25, 2009 as Exhibit 10.6 to Amendment No. 2 to the Company’s Registration Statement on Form S-11. To facilitate Mr. Bayless joining the Board, the size of the Board was increased from seven to eight trustees on October 1, 2026.

Item 7.01. Regulation FD Disclosure. The Company issued a press release on October 1, 2026, announcing the election of Bill Bayless to the Board. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference herein.