4//SEC Filing
Maretic Anthony 4
Accession 0000950170-24-007809
CIK 0001593222other
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 1:38 PM ET
Size
22.9 KB
Accession
0000950170-24-007809
Insider Transaction Report
Form 4
Maretic Anthony
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2024-01-25−14,809→ 196,298 total - Exercise/Conversion
Common Stock
2024-01-25+29,618→ 211,107 total - Award
Performance Restricted Stock Units
2024-01-24+45,806→ 112,040 total→ Common Stock (45,806 underlying) - Exercise/Conversion
Performance Restricted Stock Units
2024-01-25−29,618→ 92,040 total→ Common Stock (29,618 underlying) - Tax Payment
Common Stock
2024-01-25−12,336→ 208,634 total - Award
Restricted Stock Units
2024-01-24+878→ 48,760 total→ Common Stock (878 underlying) - Award
Restricted Stock Units
2024-01-24+30,537→ 79,297 total→ Common Stock (30,537 underlying) - Exercise/Conversion
Restricted Stock Units
2024-01-25−24,672→ 54,625 total→ Common Stock (24,672 underlying) - Exercise/Conversion
Common Stock
2024-01-25+24,672→ 220,970 total
Footnotes (10)
- [F1]In accordance with the Company's Equity Incentive Plan (the "Equity Incentive Plan"), Performance Restricted Stock Units (as defined in the Equity Incentive Plan) convert into common stock on a one-for-one basis.
- [F10]The restricted stock units reported herein have vested and converted to common shares as at January 25, 2024.
- [F2]In accordance with the Company's Equity Incentive Plan (the "Equity Incentive Plan"), Restricted Stock Units (as the defined in the Equity Incentive Plan) convert into common stock on a one-for-one basis.
- [F3]Each Performance Restricted Stock Unit ("PSU") represents a contingent right to receive shares of the Issuer's Common Stock.
- [F4]On January 24, 2024, the reporting person was granted 45,806 Performance Restricted Stock Units. Pursuant to the terms of the award agreement governing the Performance Restricted Stock Units, the number of underlying shares of the Company's common stock that the reporting person may ultimately become entitled to receive at the time of vesting will range from 50% to 150% of the number of Performance Restricted Stock Units initially granted, subject to certain relative total stockholder return conditions being met during the measurement period that begins on January 1, 2024 and ends on December 31, 2026. Dividend equivalent rights accrue with respect to these Performance Restricted Stock Units when and as dividends are paid on the Company's common stock.
- [F5]Vested shares will be delivered to the reporting person promptly upon vesting of the related performance restricted stock units.
- [F6]The units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the Reporting Person which vest in three substantially equal installments on each of the first three annual anniversaries of the initial Grant Date, generally subject to the Participant's continued employment through each applicable vesting date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest.
- [F7]Vested shares will be delivered to the reporting person promptly upon vesting of the related restricted stock units.
- [F8]In accordance with the Equity Incentive Plan, the Restricted Stock Units (and related dividend equivalent rights) shall vest in three substantially equal installments on each of the first three annual anniversaries of their initial grant date, generally subject to the grantee's continued service through each applicable vesting date.
- [F9]As previously reported, on January 25, 2021, the reporting person was granted 20,000 PSUs (the "Target PSUs"), and depending on the level of achievement of certain performance goals during the three-year performance period ending December 31, 2023 (the "Measurement Period"), the actual number of PSUs earned could range from 50% to 150% of the Target PSUs. On January 25, 2024, 29,618 PSUs vested based on the achievement of certain performance goals during the Measurement Period. On January 25, 2024, the Compensation Committee of the Board of Directors of the Issuer certified the Reporting Person's achievement relative to the applicable performance objectives during the Measurement Period and approved the vesting of the PSU's with respect to these shares. Dividend equivalent units accrued with respect to these PSUs when and as dividends were paid on the Issuer's Common Stock. The number of derivative securities in column 5 include 4,682 vested dividend equivalent units.
Documents
Issuer
City Office REIT, Inc.
CIK 0001593222
Entity typeother
Related Parties
1- filerCIK 0001605306
Filing Metadata
- Form type
- 4
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 1:38 PM ET
- Size
- 22.9 KB