As previously disclosed, on April 29, 2021, Steven Roth tendered his offer to resign as Chairman of the Board of Trustees and a trustee of JBG SMITH Properties to the Board. On May 13, 2021, following consideration of his offer to resign, in accordance with the Company's Corporate Governance Guidelines, upon the recommendation of the Corporate Governance and Nominating Committee and in consideration of the results of the shareholders' vote at the company's recent annual meeting, the Board accepted Mr. Roth's offer to resign. Following Mr. Roth's resignation, the size of the Board was reduced from 12 trustees to 11 trustees, and Mr. Robert Stewart was appointed Chairman of the Board.