Albert P. Behler - Feb 7, 2025 Form 4 Insider Report for Paramount Group, Inc. (PGRE)

Role
Chairman, CEO and President, Director
Signature
/s/ Gage Johnson as attorney-in-fact for Albert P. Behler
Stock symbol
PGRE
Transactions as of
Feb 7, 2025
Transactions value $
$0
Form type
4
Date filed
2/11/2025, 05:03 PM
Previous filing
Mar 4, 2024
Next filing
Mar 17, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PGRE Common Stock 642K Feb 7, 2025 Direct
holding PGRE Common Stock 6.5K Feb 7, 2025 By Spouse 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 PGRE LTIP Units Award $0 +253K $0.00 253K Feb 7, 2025 Common Stock 253K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's common stock acquired by the Reporting Person's spouse before their marriage.
F2 LTIP Units earned upon the achievement of the performance hurdles pursuant to the 2022 Performance Program. Of the 253,279 LTIP Units earned, 126,639 LTIP Units vested on February 7, 2025, and the remaining 126,640 LTIP Units will vest on December 31, 2025.
F3 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.