Form 4: JBG SMITH Properties Director Converts and Exchanges Partnership Units for Common Shares

Director Robert Alexander Stewart converted limited partnership units (LTIP Units) into Operating Partnership Units (OP Units) and exchanged OP Units for common shares of JBG SMITH Properties.

Summary

• On March 17, 2025, Robert Alexander Stewart, a director of JBG SMITH Properties, converted 20,548 LTIP Units into OP Units.
• Subsequently, these OP Units were exchanged for 20,548 common shares of JBG SMITH Properties.
• The transactions did not involve a sale or monetization of securities.
• Stewart also indirectly owns 30,000 common shares through The Robert Alexander Stewart Revocable Trust.
• He also indirectly owns 756,631 OP Units through Nomad Capital, LLC and 75,000 OP Units held by his spouse.
• 815 OP Units were inadvertently omitted from the reporting person's prior Section 16 filings; the reporting person has held such OP Units indirectly since the spin-off of the Issuer in 2017.
• In February 2024, the reporting person transferred 755,816 OP Units from The Robert Alexander Stewart Revocable Trust to Nomad Capital, LLC.

Sentiment

Score: 7

Explanation: The document reflects standard insider transactions, which are neither particularly positive nor negative. The conversion and exchange are routine, but the inadvertent omission of 815 OP Units from prior filings is a minor negative.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates

Keywords

JBG SMITH Properties, Robert Alexander Stewart, LTIP Units, OP Units, Common Shares, Conversion, Exchange, Director, Beneficial Ownership, Form 4