InvenTrust (NYSE: IVT) grants CEO Daniel Busch 42,024 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Busch Daniel reported acquisition or exercise transactions in this Form 4 filing.
InvenTrust Properties Corp. director and President & C.E.O. Daniel Busch received a grant of 42,024 Restricted Stock Units (RSUs) under the company’s 2015 Incentive Award Plan. After this award, he holds 82,140 RSUs directly.
According to the grant terms, 33% of these RSUs will vest on December 31, 2026, another 33% will vest on December 31, 2027, and the remaining 34% will vest on December 31, 2028. Vesting may accelerate if his employment ends under specified conditions following a change in control, and vested RSUs will be settled in shares of common stock within 60 days after each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Busch Daniel
Role
President & C.E.O.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 42,024 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 82,140 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did IVT report for Daniel Busch on this Form 4?
InvenTrust Properties Corp. reported that President & C.E.O. Daniel Busch received a grant of 42,024 Restricted Stock Units. These RSUs were awarded under the company’s 2015 Incentive Award Plan and increase his directly held RSU balance to 82,140 units following the transaction.
How many Restricted Stock Units did IVT’s CEO receive and what is his new total?
Daniel Busch received 42,024 Restricted Stock Units from InvenTrust Properties Corp. following this grant. After the award, his directly held RSU balance totals 82,140 units, reflecting equity-based compensation rather than an open-market stock purchase or sale by the executive.
What is the vesting schedule for the 42,024 RSUs granted by IVT?
The 42,024 RSUs granted by InvenTrust Properties Corp. vest over three dates. Thirty-three percent vests on December 31, 2026, another thirty-three percent on December 31, 2027, and the remaining thirty-four percent on December 31, 2028, subject to specified accelerated vesting conditions.
Under what conditions can the IVT CEO’s RSUs vest early after a change in control?
The RSUs may vest early if Daniel Busch’s employment terminates within 24 months after a change in control. Acceleration can occur upon death, disability, termination by the company without cause, or resignation for good reason, according to the award’s disclosed vesting terms.
How will the InvenTrust Properties Corp. RSUs granted to Daniel Busch be settled?
The Restricted Stock Units granted to Daniel Busch will be settled in shares of InvenTrust Properties Corp.’s common stock. Settlement occurs within 60 days after each vesting date, meaning actual common shares are issued as the RSUs vest over the disclosed schedule.