4//SEC Filing
ESTES SCOTT A 4
Accession 0001104659-23-056674
CIK 0001689796other
Filed
May 4, 8:00 PM ET
Accepted
May 5, 5:47 PM ET
Size
6.3 KB
Accession
0001104659-23-056674
Insider Transaction Report
Form 4
ESTES SCOTT A
Director
Transactions
- Award
LTIP Units
2023-05-04+19,910→ 63,412 total→ Common Shares (19,910 underlying)
Footnotes (1)
- [F1]The reporting person received a grant of limited partnership units of JBG SMITH Properties LP, JBG SMITH Properties' (the "Issuer's") operating partnership (the "OP"), designated as LTIP Units ("LTIP Units") pursuant to the JBG SMITH Properties 2017 Omnibus Share Plan. These LTIP Units are a class of units in the OP that are convertible at the option of the holder, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into an equal number of Operating Partnership Units ("OP Units") in the OP. 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 LTIP Units issuance. The LTIP Units will be fully vested on the date of grant but may not be sold while the reporting person serves as a trustee, except in certain circumstances.
Documents
Issuer
JBG SMITH Properties
CIK 0001689796
Entity typeother
Related Parties
1- filerCIK 0001242824
Filing Metadata
- Form type
- 4
- Filed
- May 4, 8:00 PM ET
- Accepted
- May 5, 5:47 PM ET
- Size
- 6.3 KB