Gregory S. Wright - 15 Dec 2023 Form 4 Insider Report for Paramount Group, Inc. (PGRE)

Role: Director
Signature: /s/ Gage Johnson as attorney-in-fact for Gregory Wright
Issuer symbol: PGRE
Transactions as of: 15 Dec 2023
Net transaction value: $0
Form type: 4
Filing time: 19 Dec 2023, 16:44:03 UTC
Previous filing: 22 May 2023
Next filing: 20 May 2024
SEC filing: View on sec.gov

Key filing fact

Gregory S. Wright filed Form 4 for Paramount Group, Inc. (PGRE) on 19 Dec 2023.

Key facts

This page summarizes Gregory S. Wright's Form 4 filing for Paramount Group, Inc. (PGRE).
1 reported transaction and 1 derivative row are listed below.
Filing timestamp: 19 Dec 2023, 16:44.

Change

Previous filing in this sequence was filed on 22 May 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

PGRE transaction Derivative

LTIP Units

Award

Transaction value: $0
Shares: +12,769
Change %
Price: $0.000000
Shares after: 12,769
Date: 15 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 12,769
Exercise price
Footnotes: F1, F2

^* indicates a reported price that failed the local validity check.

Explanation of Responses:

Id	Content
F1	Fully vested LTIP Units issued pursuant to the Issuer's Amended and Restated 2014 Equity Incentive Plan in connection with an election made by the reporting person to exchange annual retainer for LTIP units.
F2	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.

Content

Fully vested LTIP Units issued pursuant to the Issuer's Amended and Restated 2014 Equity Incentive Plan in connection with an election made by the reporting person to exchange annual retainer for LTIP units.

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.