InvenTrust CFO gets 58,007 shares, surrenders 25,635
InvenTrust Properties Corp. executive vice president, chief financial officer and treasurer Michael Douglas Phillips reported performance-based equity vesting and related tax-share surrender.
Rhea-AI Filing Summary
InvenTrust Properties Corp. executive vice president, chief financial officer and treasurer Michael Douglas Phillips reported performance-based equity vesting and related tax-share surrender. He acquired 58,007 shares of common stock at $0.00 per share as a grant/award, after the company met Total Shareholder Return performance criteria versus the FTSE Nareit Equity Shopping Center Index for the period from January 1, 2023 to December 31, 2025.
On the same date, he disposed of 25,635 shares of common stock to the issuer at $30.90 per share, with footnotes explaining these shares were surrendered to cover tax withholding obligations tied to vesting performance-based restricted stock units, rather than an open-market sale. Following these transactions, he directly owns 93,020 common shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 58,007 | $0.00 | $0.00 |
| Disposition | Common Stock | 25,635 | $30.90 | $792K |
Footnotes (2)
- F1. 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.
- F2. 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.
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