JBG SMITH Properties (JBGS) Proxy Filing summary

Executive summary

• Supplement issued to clarify recent changes in the compensation program following shareholder feedback and ISS recommendations.

• Over 120 employees, including top executives, participate in the equity incentive program, with many opting for equity in lieu of cash bonuses.

• ISS recognized responsiveness to shareholder concerns, recommending a vote for all trustee nominees.

• Forward-looking statements highlight risks and uncertainties, referencing the company's latest 10-K filing.

Voting matters and shareholder proposals

• Shareholders are asked to vote on the Say-on-Pay Proposal and the election of trustees.

• ISS recommended a vote for all trustee nominees but against the Say-on-Pay Proposal due to concerns over equity award amendments.

Board of directors and corporate governance

• Trustees actively participated in shareholder engagement and implemented changes based on feedback.

• The compensation committee led the response to ISS and shareholder concerns.