Amendment No. 3
to the
JBG SMITH Properties
2017 Omnibus Share Plan
The 2017 Omnibus Share Plan of JBG SMITH Properties, effective July 17, 2017 (the “Plan”), is hereby amended as follows, subject to and effective upon approval by the Company’s shareholders:
“Subject to the provisions of this Section 2 or any adjustment as provided in Section 18, effective April 29, 2021, awards may be granted under the Plan with respect to 18,330,200 Share Equivalents (as defined below), which, in accordance with the share counting provisions of this Section 2, would result in the issuance of up to a maximum of 18,330,200 common shares, par value $.01, of beneficial interest in the Trust (the “Shares”) if all awards granted under the Plan were Full Value Awards (as defined below) and 18,330,200 Shares if all awards granted under the Plan were not Full Value Awards.”
