JBG SMITH grants $6.6M in performance-based AO LTIP units to execs; CEO receives 675,675 units

JBG SMITH Properties

Compensation Committee approved grants on Dec 30, 2021; grants made on Jan 3, 2022.
Aggregate fair value of AO LTIP Units: $6,620,773; awards are 50% of annual equity grant.
CEO W. Matthew Kelly awarded 675,675 AO LTIP Units; other NEOs: Paul 140,765, Reynolds 168,918, Banerjee 123,873.
Vesting 50% on 3rd anniversary, 50% on 4th; participation threshold $32.30.
Awards subject to relative TSR modifier vs NAREIT FTSE Equity Office Index (ex-Alexandria).

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