IVT CEO awarded 42,024 restricted stock units
Busch Daniel reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 42,024 | $0.00 | $0.00 |
Footnotes (1)
- F1. Reflects an award of Restricted Stock Units ("RSUs") in the Issuer pursuant to the InvenTrust Properties Corp. 2015 Incentive Award Plan, as amended. Thirty-three percent (33%) of these units will vest on December 31, 2026, thirty-three percent (33%) of these units will vest on December 31, 2027 and the remaining thirty-four percent (34%) of these units will vest on December 31, 2028, subject to accelerated vesting in the event of a termination of employment (i) due to death or disability or (ii) by the Issuer without cause or by the holder for good reason, each within 24 months following a change in control of the Issuer. The RSUs will be settled in shares of the Issuer's common stock within 60 days after the vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did IVT report for Daniel Busch on this Form 4?
How many Restricted Stock Units did IVT’s CEO receive and what is his new total?
What is the vesting schedule for the 42,024 RSUs granted by IVT?
Under what conditions can the IVT CEO’s RSUs vest early after a change in control?
How will the InvenTrust Properties Corp. RSUs granted to Daniel Busch be settled?
AI-generated analysis. How Rhea-AI works. Not financial advice.