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IVT (IVT) CEO Daniel Busch earns performance shares, surrenders stock for tax withholding

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

InvenTrust Properties Corp. President and CEO Daniel Busch reported routine equity compensation changes involving common stock. He received a grant of 135,391 shares at no cost after the company met total shareholder return performance criteria for the period from January 1, 2023 through December 31, 2025. To cover tax withholding tied to vesting of performance-based restricted stock units, he surrendered 59,920 shares back to the company at $30.90 per share. After these transactions, Busch directly holds 238,963 common shares, reflecting a net increase in his ownership from the performance award.

Positive

  • None.

Negative

  • None.
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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Busch Daniel

(Last) (First) (Middle)
3025 HIGHLAND PARKWAY
SUITE 350

(Street)
DOWNERS GROVE IL 60515

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
InvenTrust Properties Corp. [ IVT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President & C.E.O.
3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026
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
Common Stock 03/06/2026 A 135,391(1) A $0 298,883(1) D
Common Stock 03/06/2026 D 59,920(2) D $30.9 238,963 D
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
Explanation of Responses:
1. The amount represents shares acquired as a result of the Issuer having met certain performance criteria based on its Total Shareholder Return ("TSR") relative to the FTSE Nareit Equity Shopping Center Index for the performance period from January 1, 2023 and ending on December 31, 2025, pursuant to the reporting person's grant of Performance Shares on February 22, 2023.
2. Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of performance-based restricted stock units.
Remarks:
/s/ Christy L. David, Attorney in Fact 03/10/2026
** 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 transactions did IVT CEO Daniel Busch report on March 6, 2026?

Daniel Busch reported a grant of 135,391 InvenTrust Properties common shares and a surrender of 59,920 shares to the company for tax withholding. These are compensation-related entries rather than open-market trades, reflecting equity awards and associated tax obligations.

How many IVT shares does CEO Daniel Busch own after the latest Form 4?

After the reported transactions, Daniel Busch directly owns 238,963 shares of InvenTrust Properties common stock. This reflects a net increase in holdings from performance-based equity awards, partially offset by shares surrendered to satisfy tax withholding obligations on vested performance units.

Were the IVT CEO’s March 2026 transactions open-market purchases or sales?

The reported transactions were not open-market trades. Busch received 135,391 shares as a performance-based award at no cost and surrendered 59,920 shares back to the issuer at $30.90 per share to cover tax withholding, a routine compensation-related disposition.

What performance criteria triggered Daniel Busch’s IVT share award?

The 135,391-share award was earned because InvenTrust met performance criteria based on total shareholder return versus the FTSE Nareit Equity Shopping Center Index. The relevant performance period ran from January 1, 2023 through December 31, 2025 under a February 22, 2023 performance share grant.

Why did the IVT CEO surrender 59,920 shares to the issuer?

Busch surrendered 59,920 InvenTrust shares back to the company to satisfy tax withholding obligations linked to vesting of performance-based restricted stock units. Such tax-withholding dispositions are mechanical events tied to equity compensation and do not represent discretionary market selling.
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