4//SEC Filing
Brindley Peter R.C. 4
Accession 0000950170-24-009474
CIK 0001605607other
Filed
Jan 30, 7:00 PM ET
Accepted
Jan 31, 5:00 PM ET
Size
6.3 KB
Accession
0000950170-24-009474
Insider Transaction Report
Form 4
Brindley Peter R.C.
EVP, Head of Real Estate
Transactions
- Award
LTIP Units
2024-01-30+44,058→ 44,058 total→ Common Stock (44,058 underlying)
Footnotes (2)
- [F1]LTIP Units earned upon the achievement of the performance hurdles pursuant to the 2021 Performance Program. Of the 44,058 LTIP Units earned, 22,029 LTIP Units vested on January 30, 2024 and the remaining 22,029 LTIP Units will vest on December 31, 2024.
- [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 (the "Partnership"). 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 0001726012
Filing Metadata
- Form type
- 4
- Filed
- Jan 30, 7:00 PM ET
- Accepted
- Jan 31, 5:00 PM ET
- Size
- 6.3 KB