0000950170-24-025023.txt : 20240304
0000950170-24-025023.hdr.sgml : 20240304
20240304174251
ACCESSION NUMBER: 0000950170-24-025023
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240229
FILED AS OF DATE: 20240304
DATE AS OF CHANGE: 20240304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Brindley Peter R.C.
CENTRAL INDEX KEY: 0001726012
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36746
FILM NUMBER: 24716615
MAIL ADDRESS:
STREET 1: 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
2024-02-29
0001605607
Paramount Group, Inc.
PGRE
0001726012
Brindley Peter R.C.
C/O PARAMOUNT GROUP, INC.
1633 BROADWAY
NEW YORK
NY
10019
false
true
false
false
EVP, Head of Real Estate
false
LTIP Units
2024-02-29
4
A
false
30713
0.00
A
Common Stock
30713
30713
D
LTIP Units issued pursuant to the Issuer's Amended and Restated 2014 Equity Incentive Plan, in connection with a cash bonus exchange election made by the reporting person. The LTIP units vest 40% on February 15, 2025, 40% on February 15, 2026, and 20% on February 15, 2027, subject to continued employment.
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 Peter Brindley
2024-03-04