4//SEC Filing
Valdes Angela 4
Accession 0001104659-23-001588
CIK 0001689796other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 7:47 PM ET
Size
6.5 KB
Accession
0001104659-23-001588
Insider Transaction Report
Form 4
Valdes Angela
Chief Accounting Officer
Transactions
- Award
LTIP Units
2023-01-03+14,116→ 88,369 total→ Common Shares (14,116 underlying)
Footnotes (2)
- [F1]The reporting person received a grant of limited partnership units in JBG SMITH Properties LP (the "OP"), JBG SMITH Properties' (the "Issuer's") operating partnership, designated as LTIP Units ("LTIPs"), pursuant to JBG SMITH Properties 2017 Omnibus Share Plan ("Omnibus Plan"). These LTIPs are a class of units in the OP that, if vested, are convertible at the option of the holder, conditioned upon minimum allocations to the capital accounts of the LTIPs for federal income tax purposes, into an equal number of operating partnership units in the OP ("OP Units"). The resulting OP Units are redeemable by the holder for one common share of the Issuer, par value $0.01 (a "Common Share") per OP Unit or the cash value of a Common Share, at the Issuer's option, after the two-year anniversary of the LTIPs issuance.
- [F2]The LTIPs vest 25% on each of the first through fourth anniversaries of January 3, 2023, subject to reporting person's continued employment through each vesting date.
Documents
Issuer
JBG SMITH Properties
CIK 0001689796
Entity typeother
Related Parties
1- filerCIK 0001498256
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 7:47 PM ET
- Size
- 6.5 KB