John Sweet - 24 Jan 2024 Form 4 Insider Report for City Office REIT, Inc. (CIO)

Role
Director
Signature
/s/ John Sweet
Issuer symbol
CIO
Transactions as of
24 Jan 2024
Net transactions value
$0
Form type
4
Filing time
26 Jan 2024, 13:34:51 UTC
Previous filing
26 Oct 2023
Next filing
26 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIO Common Stock Options Exercise +6,319 +13% 54,539 25 Jan 2024 Direct F1

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

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CIO Restricted Stock Units Award +232 +1.8% 12,874 24 Jan 2024 Common Stock 232 Direct F1, F2, F3
transaction CIO Restricted Stock Units Award +10,778 +84% 23,652 24 Jan 2024 Common Stock 10,778 Direct F1, F3, F4
transaction CIO Restricted Stock Units Options Exercise $0 -6,319 -27% $0.000000 17,333 25 Jan 2024 Common Stock 6,319 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In accordance with the Company's Equity Incentive Plan (the "Equity Incentive Plan"), Restricted Stock Units (as the defined in the Equity Incentive Plan) convert into common stock on a one-for-one basis.
F2 The units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the Reporting Person which vest in three substantially equal installments on each of the first three annual anniversaries of the initial Grant Date, generally subject to the Participant's continued service through each applicable vesting date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest.
F3 Vested shares will be delivered to the reporting person promptly upon vesting of the related restricted stock units.
F4 In accordance with the Equity Incentive Plan, the Restricted Stock Units (and related dividend equivalent rights) shall vest in three substantially equal installments on each of the first three annual anniversaries of their initial grant date, generally subject to the grantee's continued service through each applicable vesting date.
F5 The restricted stock units reported herein have vested and converted to common shares as at January 25, 2024.