Form 4: JBG SMITH Properties Director Alan S. Forman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Alan S. Forman reports acquisition of LTIP Units and updates to beneficial ownership in JBG SMITH Properties.
Summary
- Alan S. Forman, a director of JBG SMITH Properties, filed a Form 4 detailing changes in his beneficial ownership.
- The report indicates the acquisition of 18,438 LTIP Units on April 24, 2025, under the JBG SMITH Properties 2017 Omnibus Share Plan.
- These LTIP Units are convertible into Operating Partnership Units (OP Units), which are redeemable for common shares or their cash value after a two-year period.
- Forman's direct ownership following the reported transaction includes 83,029 common shares.
- Yale University is entitled to receive certain equity awards granted to Mr. Forman while he was employed by Yale.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 04/24/2025 | Date of earliest transaction: Acquisition of LTIP Units. |
| 04/28/2025 | Date of signature for the report. |
Keywords
Form 4, Beneficial Ownership, LTIP Units, JBG SMITH Properties, Director, JBGS, Alan S. Forman
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