4//SEC Filing
Behler Albert P. 4
Accession 0000950170-25-018042
CIK 0001605607other
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 5:03 PM ET
Size
7.8 KB
Accession
0000950170-25-018042
Insider Transaction Report
Form 4
Behler Albert P.
DirectorChairman, CEO and President
Transactions
- Award
LTIP Units
2025-02-07+253,279→ 253,279 total→ Common Stock (253,279 underlying)
Holdings
- 6,500(indirect: By Spouse)
Common Stock
- 641,812
Common Stock
Footnotes (3)
- [F1]Represents shares of the Issuer's common stock acquired by the Reporting Person's spouse before their marriage.
- [F2]LTIP Units earned upon the achievement of the performance hurdles pursuant to the 2022 Performance Program. Of the 253,279 LTIP Units earned, 126,639 LTIP Units vested on February 7, 2025, and the remaining 126,640 LTIP Units will vest on December 31, 2025.
- [F3]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 0001623940
Filing Metadata
- Form type
- 4
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 5:03 PM ET
- Size
- 7.8 KB