City Office REIT Insider Gregory Tylee Receives Dividend RSUs

Rhea-AI Filing Summary

City Office REIT (CIO) Form 4: President & COO Gregory Tylee reported an insider transaction dated 07/24/2025. The executive acquired 1,960 Restricted Stock Units (RSUs) issued as a dividend-equivalency payment on previously awarded RSUs. Each unit converts 1-for-1 into CIO common shares upon vesting.

The dividend RSUs vest on the same three-year, equal-installment schedule as the underlying grant, contingent on Tylee’s continued employment. After this grant, the officer now holds 137,153 derivative RSUs, recorded as directly owned.

The disclosure represents routine equity-incentive accrual and is not expected to materially affect the company’s share count or fundamentals.

Insights

Corporate Governance Analyst

TL;DR: Routine RSU dividend award; minor size, neutral valuation impact.

This Form 4 shows Gregory Tylee augmenting his existing equity stake with 1,960 dividend-equivalency RSUs. The award is mechanically linked to prior grants and signals ongoing alignment of management and shareholder interests. At roughly US$low-six-figure face value, the grant is immaterial to CIO’s capitalization and does not alter governance control. No buy/sell signal or balance-sheet implications are evident; therefore, the filing is operationally neutral for investors.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Tylee Gregory

(Last) (First) (Middle)

666 BURRARD STREET, SUITE 3210

(Street)

VANCOUVER A1 V6C2X8

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
City Office REIT, Inc. [ CIO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & COO

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	07/24/2025		A		1,960		(2)	(2)	Common Stock	1,960(3)	(1)	137,153	D

Explanation of Responses:

1. In accordance with the Company's Equity Incentive Plan (the "Equity Incentive Plan"), Restricted Stock Units (as the defined in the Equity Incentive Plan) convert into common stock on a one-for-one basis.

2. The units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the Reporting Person which vest in three substantially equal installments on each of the first three annual anniversaries of the initial Grant Date, generally subject to the Participant's continued service through each applicable vesting date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest.

3. Vested shares will be delivered to the reporting person promptly upon vesting of the related restricted stock units.

	/s/ Gregory Tylee	07/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did City Office REIT (CIO) report?

President & COO Gregory Tylee acquired 1,960 Restricted Stock Units on 07/24/2025.

How many CIO shares can the new RSUs convert into?

Each RSU converts 1-for-1, so the grant equals 1,960 common shares upon vesting.

When will the awarded RSUs vest?

They vest in three equal annual installments, matching the schedule of the underlying RSU grant.

What is Gregory Tylee’s total RSU holding after the transaction?

He beneficially owns 137,153 derivative RSUs following the reported grant.

Does this Form 4 signal a change in City Office REIT’s fundamentals?

No. The grant is routine incentive compensation and has no material impact on company fundamentals.