Paramount Group Updates Executive Employment Agreements

Story Highlights
  • Paramount Group entered new employment agreements with key executives on March 10, 2025.
  • The agreements include non-compete clauses and automatic renewals, ensuring executive stability.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Paramount Group Updates Executive Employment Agreements

Paramount Group ( (PGRE) ) has shared an announcement.

On March 10, 2025, Paramount Group, Inc. entered into new employment agreements with Wilbur Paes, the Chief Operating Officer, Chief Financial Officer, and Treasurer, and Peter Brindley, the Executive Vice President, Head of Real Estate. These agreements replace their previous contracts set to expire on March 31, 2025, and include terms for automatic one-year renewals unless notice is given. The agreements also feature non-competition and non-solicitation clauses extending beyond their employment terms, impacting the company’s executive stability and strategic continuity.

More about Paramount Group

YTD Price Performance: -15.93%

Average Trading Volume: 1,054,149

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.12B

For a thorough assessment of PGRE stock, go to TipRanks’ Stock Analysis page.

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