Hydrogen-atom loss and intramolecular hydrogen-atom migration in peptide radical and cation radical were investigated by quantum chemical calculations for models that include zero to three hydrogen bonds with the ammonium groups. Five different DFT functionals have been checked to study the geometry relaxation and fragmentation processes after electron attachment to peptide cations. The structural changes associated with the geometry relaxation are shown to be dependent on the level of calculation. Furthermore, comparison with CCSD(T) calculations indicates that an adequate description of the electronic state of the reduced protonated peptide is not a sufficient prerequisite to provide accurate energy barrier. Calculating fragmentation reactions of hydrogen-rich peptide cation radicals is pointed out to be a challenging task as none of the DFT functionals are fully effective to describe the whole process. M06-2X is an adequate choice if it provides the correct ground state, otherwise LC-BLYP should be chosen. The electron attachment site and the electron affinity value are highly sensitive to the number of hydrogen bonds with the ammonium group. An ammonium cation with zero, one, and, to a smaller extent, two hydrogen bonds easily captures an incoming electron and subsequently undergoes an H-atom loss process rather than a proton coupled electron transfer. This suggests an explanation for the low amount of c and z fragments observed upon ECD for small protonated peptides, where the ammonium groups cannot be highly intramolecularly “solvated”.