InvenTrust CFO receives 13,354 RSU award
Phillips Michael Douglas reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Phillips Michael Douglas reported acquisition or exercise transactions in this Form 4 filing.
InvenTrust Properties Corp. reported that E.V.P., C.F.O. & Treasurer Michael Douglas Phillips received a grant of 13,354 Restricted Stock Units (RSUs). This award was made under the InvenTrust Properties Corp. 2015 Incentive Award Plan, as amended, and increases his directly held RSUs to 27,397.
According to the terms, 33% of the 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. The RSUs are scheduled to be settled in shares of common stock within 60 days after each vesting date and include provisions for accelerated vesting in certain termination and change-in-control scenarios.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 13,354 | $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.
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