0000950170-24-009461.txt : 20240131
0000950170-24-009461.hdr.sgml : 20240131
20240131165538
ACCESSION NUMBER: 0000950170-24-009461
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240130
FILED AS OF DATE: 20240131
DATE AS OF CHANGE: 20240131
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Behler Albert P.
CENTRAL INDEX KEY: 0001623940
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36746
FILM NUMBER: 24583717
MAIL ADDRESS:
STREET 1: PARAMOUNT GROUP, INC.
STREET 2: 1633 BROADWAY, SUITE 1801
CITY: NEW YORK
STATE: NY
ZIP: 10019
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Paramount Group, Inc.
CENTRAL INDEX KEY: 0001605607
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 320439307
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1633 BROADWAY, SUITE 1801
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 212-237-3100
MAIL ADDRESS:
STREET 1: 1633 BROADWAY, SUITE 1801
CITY: NEW YORK
STATE: NY
ZIP: 10019
4
1
ownership.xml
4
X0508
4
2024-01-30
0001605607
Paramount Group, Inc.
PGRE
0001623940
Behler Albert P.
C/O PARAMOUNT GROUP, INC.
1633 BROADWAY, SUITE 1801
NEW YORK
NY
10019
true
true
false
false
Chairman, CEO and President
false
LTIP Units
2024-01-30
4
A
false
236012
0.00
A
Common Stock
236012
236012
D
LTIP Units earned upon the achievement of the performance hurdles pursuant to the 2021 Performance Program. Of the 236,012 LTIP Units earned, 118,006 LTIP Units vested on January 30, 2024 and the remaining 118,006 LTIP Units will vest on December 31, 2024.
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 (the "Partnership"). 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.
/s/ Gage Johnson as attorney-in-fact for Albert P. Behler
2024-01-31