0000950170-25-018047.txt : 20250211 0000950170-25-018047.hdr.sgml : 20250211 20250211170420 ACCESSION NUMBER: 0000950170-25-018047 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20250207 FILED AS OF DATE: 20250211 DATE AS OF CHANGE: 20250211 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Paes Wilbur N. CENTRAL INDEX KEY: 0001623530 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36746 FILM NUMBER: 25610734 MAIL ADDRESS: STREET 1: PARAMOUNT GROUP, INC. STREET 2: 1633 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10018 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 2025-02-07 0001605607 Paramount Group, Inc. PGRE 0001623530 Paes Wilbur N. C/O PARAMOUNT GROUP, INC. 1633 BROADWAY NEW YORK NY 10019 false true false false COO, CFO and Treasurer false LTIP Units 2025-02-07 4 A false 81050 0 A Common Stock 81050 81050 D LTIP Units earned upon the achievement of the performance hurdles pursuant to the 2022 Performance Program. Of the 81,050 LTIP Units earned, 40,525 LTIP Units vested on February 7, 2025, and the remaining 40,525 LTIP Units will vest on December 31, 2025. 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. /s/ Gage Johnson as attorney-in-fact for Wilbur N. Paes 2025-02-11