Gregory Tylee - Jul 21, 2023 Form 4 Insider Report for City Office REIT, Inc. (CIO)

Role
President & COO
Signature
/s/ Gregory Tylee
Stock symbol
CIO
Transactions as of
Jul 21, 2023
Transactions value $
$0
Form type
4
Date filed
7/24/2023, 05:05 PM
Previous filing
Apr 26, 2023
Next filing
Oct 26, 2023

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 +2.28K +1.81% 128K Jul 21, 2023 Common Stock 2.28K Direct F1, F2, F3
* 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 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 reporting person'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.