Pebblebrook Hotel Trust 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. Issuer Purchases of Equity Securities Common Shares Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1) (in millions) January 1, 2024 - January 31, 2024 387,651 $ 15.76 318,269 $ — February 1, 2024 - February 29, 2024 46,007 $ 16.13 — $ — March 1, 2024 - March 31, 2024 — $ — — $ — Total 433,658 $ 15.80 318,269 $ 141.0 ______________________ (1) On February 17, 2023, our Board of Trustees authorized a share repurchase program of up to $150.0 million of our outstanding common shares. This $150.0 million share repurchase program commenced in June 2023, upon the completion of our prior $100.0 million share repurchase program which begun in 2017. Under this program, we may repurchase common shares from time to time in transactions on the open market or by private agreement. We may suspend or discontinue this program at any time. As of March 31, 2024, $141.0 million of common shares remained available for repurchase under this program. Preferred Shares Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1) (in millions) January 1, 2024 - January 31, 2024 — $ — — $ — February 1, 2024 - February 29, 2024 — $ — — $ — March 1, 2024 - March 31, 2024 — $ — — $ — Total — $ — — $ 84.2 ______________________ (1) On February 17, 2023, our Board of Trustees authorized a share repurchase program of up to $100.0 million of our outstanding preferred shares. Under this program we may repurchase up to an aggregate of $100.0 million of our 6.375% Series E Cumulative Redeemable Preferred Shares, 6.30% Series F Cumulative Redeemable Preferred Shares, 6.375% Series G Cumulative Redeemable Preferred Shares and 5.70% Series H Cumulative Redeemable Preferred Shares from time to time in transactions on the open market or by private agreement. We may suspend or discontinue this program at any time. As of March 31, 2024, $84.2 million of preferred shares remained available for repurchase under this program. Item 3. Defaults Upon Senior Securities. None. Item 4. Mine Safety Disclosures. Not applicable. 30 Table of Content