Peter R.c. Brindley - 19 Dec 2025 Form 4 Insider Report for Paramount Group, Inc. (PGRE)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
22 Dec 2025, 20:43:14 UTC
Prior SEC filing
11 Feb 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Timothy Dembo as attorney-in-fact for Peter Brindley

Key filing fact

Peter R.c. Brindley filed Form 4 for Paramount Group, Inc. (PGRE) on 22 Dec 2025.

Key facts

  • This page summarizes Peter R.c. Brindley's Form 4 filing for Paramount Group, Inc. (PGRE).
  • 12 reported transactions and 12 derivative rows are listed below.
  • Accepted by SEC: 22 Dec 2025, 20:43.

Change

  • Previous filing in this sequence was filed on 11 Feb 2025.
  • Current net transaction value: -$11,556,686.

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.

View source filing

Reporting Owners (1)

CIK 0001726012 Primary reporting owner

Brindley Peter R.C.

Relationship
EVP, Head of Real Estate
Address
C/O PARAMOUNT GROUP, INC., 1633 BROADWAY, NEW YORK
Signature
/s/ Timothy Dembo as attorney-in-fact for Peter Brindley
Signature date
22 Dec 2025

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PGRE transaction Derivative

LTIP Units

Disposed to Issuer

Transaction value
$826,518
Shares
-125,230
Change %
-100%
Price
$6.60
Shares after
0
Date
19 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
125,230
Exercise price
Footnotes
F1, F2, F3
PGRE transaction Derivative

LTIP Units

Options Exercise

Transaction value
$0
Shares
-180,941
Change %
-100%
Price
$0.000000
Shares after
0
Date
19 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
180,941
Exercise price
Footnotes
F1, F4
PGRE transaction Derivative

LTIP Units

Options Exercise

Transaction value
$0
Shares
-27,607
Change %
-100%
Price
$0.000000
Shares after
0
Date
19 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
27,607
Exercise price
Footnotes
F1, F5
PGRE transaction Derivative

LTIP Units

Options Exercise

Transaction value
$0
Shares
-70,299
Change %
-100%
Price
$0.000000
Shares after
0
Date
19 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
70,299
Exercise price
Footnotes
F1, F6
PGRE transaction Derivative

LTIP Units

Options Exercise

Transaction value
$0
Shares
-30,713
Change %
-100%
Price
$0.000000
Shares after
0
Date
19 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
30,713
Exercise price
Footnotes
F1, F7
PGRE transaction Derivative

LTIP Units

Options Exercise

Transaction value
$0
Shares
-27,017
Change %
-100%
Price
$0.000000
Shares after
0
Date
19 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
27,017
Exercise price
Footnotes
F1, F8
PGRE transaction Derivative

LTIP Units

Options Exercise

Transaction value
$0
Shares
-377,359
Change %
-100%
Price
$0.000000
Shares after
0
Date
19 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
377,359
Exercise price
Footnotes
F1, F9
PGRE transaction Derivative

AOLTIP Units

Options Exercise

Transaction value
Shares
-219,020
Change %
-100%
Price
Shares after
0
Date
19 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
219,020
Exercise price
$6.17
Footnotes
F10
PGRE transaction Derivative

Performance-Based AOLTIP Units

Options Exercise

Transaction value
Shares
-1,081,315
Change %
-100%
Price
Shares after
0
Date
19 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,081,315
Exercise price
$5.12
Footnotes
F11
PGRE transaction Derivative

Common OP Units

Award

Transaction value
$0
Shares
+154,634
Change %
+31%
Price
$0.000000
Shares after
655,101
Date
19 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
154,634
Exercise price
Footnotes
F12, F13, F14
PGRE transaction Derivative

Common OP Units

Options Exercise

Transaction value
Shares
+970,682
Change %
+148%
Price
Shares after
1,625,783
Date
19 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
970,682
Exercise price
Footnotes
F12, F15
PGRE transaction Derivative

Common OP Units

Disposed to Issuer

Transaction value
$10,730,168
Shares
-1,625,783
Change %
Price
$6.60
Shares after
$0
Date
19 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,625,783
Exercise price
Footnotes
F12, F16
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Peter R.c. Brindley is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 16 footnotes

Footnote F1

Pursuant to the Second Amended and Restated Agreement of Limited Partnership of Paramount Group Operating Partnership LP, a Delaware limited partnership and a subsidiary of the Issuer (the "Operating Partnership"), dated as of October 26, 2020 (the "Partnership Agreement"), each LTIP Unit converts automatically into one OP Unit (defined below) on the later to occur of (i) vesting and (ii) the date on which the Book-Up Target (as defined in the Partnership Agreement) for such LTIP Unit becomes zero.

Footnote F2

Pursuant to the Agreement and Plan of Merger, dated as of September 17, 2025 (as amended on October 8, 2025, and as may be amended from time to time, the "Merger Agreement"), by and among the Issuer, the Operating Partnership, Rithm Capital Corp., a Delaware corporation ("Parent"), Panorama REIT Merger Sub, Inc., a Maryland corporation and a wholly owned subsidiary of Parent, and Panorama Operating Merger Sub LP, a Delaware limited partnership and a wholly owned subsidiary of Parent, at the Partnership Merger Effective Time (as defined in the Merger Agreement), these securities, comprised of 31,566 LTIP Units granted on January 13, 2022, 46,621 LTIP Units granted on January 13, 2022 and 47,043 LTIP Units earned on January 25, 2023 upon the achievement of performance hurdles, in each case whose Book-Up Target was not zero (after giving effect to the Partnership Merger (as defined in the Merger Agreement)),

Footnote F3

(Continued from footnote 2) were cancelled and converted into the right to receive an amount in cash equal to the Company Merger Consideration (as defined in the Merger Agreement) of $6.60 per share.

Footnote F4

At the Partnership Merger Effective Time, these securities, comprised of LTIP Units granted on February 4, 2021 that had vested or were subject to time vesting conditions and became fully vested pursuant to the applicable award agreement and whose Book-Up Target was zero after giving effect to the Partnership Merger, automatically converted into an equivalent number of OP Units in accordance with the Partnership Agreement.

Footnote F5

At the Partnership Merger Effective Time, these securities, comprised of LTIP Units granted on January 25, 2023 that had vested or were subject to time vesting conditions and became fully vested pursuant to the applicable award agreement and whose Book-Up Target was zero after giving effect to the Partnership Merger, automatically converted into an equivalent number of OP Units in accordance with the Partnership Agreement.

Footnote F6

At the Partnership Merger Effective Time, these securities, comprised of LTIP Units granted on January 25, 2023 that had vested or were subject to time vesting conditions and became fully vested pursuant to the applicable award agreement and whose Book-Up Target was zero after giving effect to the Partnership Merger, automatically converted into an equivalent number of OP Units in accordance with the Partnership Agreement.

Footnote F7

At the Partnership Merger Effective Time, these securities, comprised of LTIP Units granted on February 29, 2024 that had vested or were subject to time vesting conditions and became fully vested pursuant to the applicable award agreement and whose Book-Up Target was zero after giving effect to the Partnership Merger, automatically converted into an equivalent number of OP Units in accordance with the Partnership Agreement.

Footnote F8

At the Partnership Merger Effective Time, these securities, comprised of LTIP Units earned on February 7, 2025 upon the achievement of performance hurdles that were subject to time vesting conditions and became fully vested pursuant to the applicable award agreement and whose Book-Up Target was zero after giving effect to the Partnership Merger, automatically converted into an equivalent number of OP Units in accordance with the Partnership Agreement.

Footnote F9

Pursuant to the Merger Agreement, at the Partnership Merger Effective Time, these securities, comprised of LTIP Units granted on September 8, 2023 that were subject to time-vesting and additional holding conditions, became fully vested, all restrictions lapsed, and such securities converted into an equivalent number of OP Units in accordance with the Partnership Agreement.

Footnote F10

At the Partnership Merger Effective Time, each of these securities, comprised of AOLTIP Units granted on January 25, 2023 that had vested or were subject to time vesting conditions and became fully vested pursuant to the applicable award agreement converted into OP Units in accordance with the Partnership Agreement based on the increase in the value of the Company Merger Consideration of $6.60 over such unit's exercise price.

Footnote F11

Pursuant to the Merger Agreement, these securities, comprised of AOLTIP Units granted on September 8, 2023 that were subject to performance-vesting conditions, became fully vested (with all performance goals deemed satisfied at the maximum level of performance) at the Partnership Merger Effective Time. Each such vested AOLTIP Unit converted into OP Units in accordance with the Partnership Agreement based on the increase in value of the Company Merger Consideration of $6.60 over such unit's exercise price.

Footnote F12

Represents common units of limited partnership interest ("OP Units") in the Operating Partnership. Each OP Unit could be presented, 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 could, at its election, acquire each OP Unit so presented for one share of common stock. OP Units are not subject to vesting. These redemption rights did not have an expiration date.

Footnote F13

At the Partnership Merger Effective Time, LTIP Units that were granted on January 25, 2023 and subject to performance-vesting conditions vested to the extent provided in the applicable award agreement, and such vested LTIP Units automatically converted into an equivalent number of OP Units in accordance with the Partnership Agreement.

Footnote F14

Includes 45,714 LTIP Units granted on November 24, 2014, 22,642 LTIP Units granted on March 18, 2016, 21,416 LTIP Units granted on January 30, 2017, 7,828 LTIP Units granted on January 30, 2017, 31,008 LTIP Units granted on February 5, 2018, 19,418 LTIP Units granted on January 14, 2019, 44,046 LTIP Units granted on January 14, 2019, 53,476 LTIP Units granted on January 17, 2020, 21,803 LTIP Units granted on January 20, 2020 and 43,970 LTIP Units granted on January 11, 2021, as well as 12,713 LTIP Units that were earned January 17, 2020, 44,058 LTIP Units that were earned on January 30, 2024 and 27,017 vested LTIP Units that were earned on February 7, 2025, in each case upon the achievement of performance hurdles, that were previously automatically converted into OP Units but the conversion of which was not reported on a Form 4.

Footnote F15

Represents the acquisition of OP Units from the conversion of LTIP Units and AOLTIP Units at the Partnership Merger Effective Time as discussed in Footnotes 4-11.

Footnote F16

Pursuant to the Merger Agreement, at the Partnership Merger Effective Time, each outstanding OP Unit was cancelled and exchanged for the Partnership Merger Consideration of $6.60 per unit.

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