4//SEC Filing
Wright Gregory S 4
Accession 0000950170-23-071543
CIK 0001605607other
Filed
Dec 18, 7:00 PM ET
Accepted
Dec 19, 4:44 PM ET
Size
6.2 KB
Accession
0000950170-23-071543
Insider Transaction Report
Form 4
Wright Gregory S
Director
Transactions
- Award
LTIP Units
2023-12-15+12,769→ 12,769 total→ Common Stock (12,769 underlying)
Footnotes (2)
- [F1]Fully vested LTIP Units issued pursuant to the Issuer's Amended and Restated 2014 Equity Incentive Plan in connection with an election made by the reporting person to exchange annual retainer for LTIP units.
- [F2]Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit will be converted automatically into a common unit of limited partnership interest ("OP Unit") in Paramount Group Operating Partnership LP. Each OP Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of common stock. Such OP Units are generally not redeemable without the consent of the Issuer until two years from the date of the grant. The conversion feature of vested LTIP Units and the redemption rights for OP Units do not have expiration dates.
Documents
Issuer
Paramount Group, Inc.
CIK 0001605607
Entity typeother
Related Parties
1- filerCIK 0001763455
Filing Metadata
- Form type
- 4
- Filed
- Dec 18, 7:00 PM ET
- Accepted
- Dec 19, 4:44 PM ET
- Size
- 6.2 KB