Behler Albert P. sold PGRE
December 19, 2025 · Form 4 insider transaction
Behler Albert P. sold 361,274 shares of Paramount Group, Inc. at $6.60 per share, a transaction worth $2.38M. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 3 days after the transaction.
Footnotes
Pursuant to the Second Amended and Restated Agreement of Limited Partnership of 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.; Pursuant to the Merger Agreement, these securities, comprised of 109,266 LTIP Units granted on January 13, 2022 and 252,008 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)), were cancelled and converted into the right to receive an amount in cash equal to the Company Merger Consideration of $6.60 per share.