Albert Behler

Chairman, Chief Executive Officer, and President at Paramount Group

Board

Since 2014

Age

72 years

Education

Graduated from the University of Cologne and earned a Master’s degree in Business Administration from Georgia State University.

Tenure

Joined Paramount Group, Inc. in October 1991 as President and Chief Executive Officer and was appointed Chairman in 2014.

Also at Paramount Group

Gage Johnson

Senior Vice President, General Counsel, and Secretary

Ermelinda Berberi

Senior Vice President and Chief Accounting Officer

Peter Brindley

Executive Vice President, Head of Real Estate

About

Albert Behler is a seasoned executive with a broad background in commercial real estate. At 72 years old, he has developed extensive experience over several decades in the industry.

Beginning his professional journey at Thyssen in 1973, he held key leadership roles including Managing Director of Thyssen Saudia Company, Ltd and served as President of Thyssen Rheinstahl in Atlanta from 1985 to 1991, overseeing significant real estate acquisitions and transactions.

He joined Paramount Group, Inc. in October 1991 as President and Chief Executive Officer, spearheading strategic acquisitions and asset management decisions. His leadership was further recognized when he was appointed as Chairman, Chief Executive Officer, and President in 2014, marking a key milestone in his tenure at PGRE.

$PGRE Performance Under Albert Behler

Past Roles

Organization	Role	Date Range	Details
PGRE	President and Chief Executive Officer	October 1991 - 2014	Oversaw acquisitions and dispositions that produced the current portfolio.
Thyssen Saudia Company, Ltd	Managing Director	N/A	N/A
Thyssen Rheinstahl (Atlanta, Georgia)	President	1985 - 1991	N/A

External Roles

Organization	Role	Date Range	Details
The Real Estate Roundtable	Member	N/A	Washington, D.C.
Real Estate Board of New York	Member of the Board of Governors	N/A	N/A
Urban Land Institute	Member	N/A	N/A
American Council on Germany’s Business Advisory Committee	Member	N/A	N/A
Citymeals-on-Wheels	Member of the Board of Directors	N/A	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$1,100,000	Annual	Base Salary
Stock Awards	$9,087,500	At grant	Breakdown: Performance-Based LTIP Units: $7,500,000 ; Time-Based LTIP Units: $937,500 ; AOLTIP Units: $1,562,500
Option Awards	$8,162,500	At grant	Breakdown: Performance-Based AOLTIP Units: $6,600,000 ; Other Option Awards: $1,562,500
All Other Compensation	$214,412	Annual	Breakdown: Life Insurance/Executive LTD: $119,899 ; 401(k) Company Match: $30,000 ; Car Allowance/Insurance: $44,513 ; Club Membership: $20,000

Performance Compensation

Data from FY 2023

Short-Term Incentive Compensation (STIC)

Metric	Threshold	Target	Maximum	Actual Payout	Weight	Evaluation/Approval
Corporate Objectives	$577,500	$1,155,000	$1,732,500	$929,105	70%	Approved February 2023
Individual Objectives	$247,500	$495,000	$742,500	$742,395	30%	Based on qualitative performance
Total STI Compensation	$825,000	$1,650,000	$2,475,000	$1,671,500	100%	-

Bonus Exchange Program

Exchanged 50% of STI compensation, equaling $835,750.
Converted into 685,041 fully vested T-AOLTIP units.
Grant Date: January 25, 2023.
Grant Date Stock Price: $4.43 per unit.
Grant Date Fair Value: $835,750.

Performance-Based LTIP (P-LTIP) Awards

Metric	Value/Threshold	Details/Additional Information
Primary Metric	Net Operating Income (NOI)	Evaluation Period: January 1, 2023 to December 31, 2025
Threshold NOI	$1,090,600	50% of target units earned
Target NOI	$1,148,000	100% of target units earned
Maximum NOI	$1,205,400 or greater	200% of target units earned
TSR Modifier	-2,000 bp to +2,000 bp	TSR relative to NYC office REIT peers; Negative TSR reduces payout by 30%
Grant Date	January 25, 2023	-
Grant Date Fair Value	$3,750,000	-
Grant Date Stock Price	$6.17 per share	-
Vesting Schedule	50% on December 31, 2025; 50% on December 31, 2026	Additional 1-year holding requirement for NEOs

Performance-Based AOLTIP (P-AOLTIP) Awards

Parameter	Details/Values
Performance Hurdles	< $6.40: 0%; $6.40: 33%; $7.68: 67%; ≥ $8.96: 100%
Grant Date	September 8, 2023
Grant Date Stock Price	$5.12
Grant Date Fair Value	$6,600,000
Vesting Schedule	20% on October 1, 2026; 80% on October 1, 2027
Post-Vesting Restrictions	Must hold units for 1 year post vesting

This comprehensive breakdown details the performance compensation components, including required performance metrics, thresholds, targets, maximums, weights, vesting schedules, evaluation periods, actual performance results, and the conversion details for bonus exchanges. All values are specific to 2023.