Pebblebrook Hotel (PEB) has released an update.
The executive officers of a company are set for a comprehensive compensation package in 2024, mirroring the previous year’s structure. Their pay will include a base salary, a cash bonus based on performance objectives, and long-term equity-based compensation, split between time-based vesting and performance-based awards. Cash bonuses are tied to specific corporate goals, including financial performance and environmental, social, and governance targets. Equity awards will vest over a three-year period, contingent upon continued employment and meeting preset performance benchmarks, aligning executive incentives with shareholder interests.
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