Angela Valdes - 02 Jan 2025 Form 4 Insider Report for JBG SMITH Properties (JBGS)

Role
Chief Accounting Officer
Signature
/s/ Steven A. Museles, attorney-in-fact
Issuer symbol
JBGS
Transactions as of
02 Jan 2025
Net transactions value
$0
Form type
4
Filing time
06 Jan 2025, 17:58:09 UTC
Previous filing
04 Jan 2024
Next filing
01 Aug 2025
SEC
View on sec.gov

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 JBGS LTIP Units Award +17,373 +19% 107,583 02 Jan 2025 Common Shares 17,373 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 the JBG SMITH Properties 2017 Omnibus Share Plan. These LTIPs 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 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 2, 2025, subject to reporting person's continued employment through each vesting date.
F3 The total number of LTIPs has been revised to reflect that certain LTIPs, originally granted in January 2021, were forfeited based on performance conditions set forth in the award agreement.