McLernon John R. 4
4 · City Office REIT, Inc. · Filed Jan 27, 2025
Insider Transaction Report
Form 4
McLernon John R.
Director
Transactions
- Exercise/Conversion
Common Stock
2025-01-24+8,476→ 35,374 total - Tax Payment
Common Stock
2025-01-24−1,695→ 33,679 total - Award
Restricted Stock Units
2025-01-23+362→ 18,706 total→ Common Stock (362 underlying) - Award
Restricted Stock Units
2025-01-23+10,440→ 29,146 total→ Common Stock (10,440 underlying) - Exercise/Conversion
Restricted Stock Units
2025-01-24−8,476→ 20,670 total→ Common Stock (8,476 underlying)
Holdings
- 7,500(indirect: McLernon Holdings Ltd)
Common Stock
Footnotes (6)
- [F1]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.
- [F2]The Reporting Person disclaims beneficial ownership of these securities as this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for the purposes of Section 16 or any other purpose.
- [F3]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 service 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.
- [F4]Vested shares will be delivered to the reporting person promptly upon vesting of the related restricted stock units.
- [F5]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.
- [F6]The restricted stock units reported herein have vested and converted to common shares as at January 24, 2025.