4//SEC Filing
Glosserman Michael J 4
Accession 0001104659-25-040191
CIK 0001689796other
Filed
Apr 27, 8:00 PM ET
Accepted
Apr 28, 4:07 PM ET
Size
8.2 KB
Accession
0001104659-25-040191
Insider Transaction Report
Form 4
Glosserman Michael J
Director
Transactions
- Award
LTIP Units
2025-04-24+18,009→ 53,599 total→ Common Shares (18,009 underlying)
Holdings
- 19,309(indirect: By Trust)
LTIP Units
→ Common Shares (19,309 underlying)
Footnotes (3)
- [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, as amended. 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.
- [F2]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.
- [F3]Mr. Glosserman is the sole trustee and beneficiary of the Michael J. Glosserman Revocable Trust.
Documents
Issuer
JBG SMITH Properties
CIK 0001689796
Entity typeother
Related Parties
1- filerCIK 0001436265
Filing Metadata
- Form type
- 4
- Filed
- Apr 27, 8:00 PM ET
- Accepted
- Apr 28, 4:07 PM ET
- Size
- 8.2 KB