InvenTrust EVP granted 14,626 RSUs
David Christy Lynn reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
David Christy Lynn reported acquisition or exercise transactions in this Form 4 filing.
InvenTrust Properties Corp. executive David Christy Lynn, EVP, COO, General Counsel and Secretary, reported receiving a grant of 14,626 Restricted Stock Units (RSUs). This award was made under the InvenTrust Properties Corp. 2015 Incentive Award Plan, as amended, and is a form of equity-based compensation.
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 units may vest earlier if his employment ends under specific circumstances 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 | 14,626 | $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
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What insider transaction did InvenTrust Properties Corp. (IVT) report for David Christy Lynn?
How many Restricted Stock Units did IVT grant to executive David Christy Lynn?
What is the vesting schedule for David Christy Lynn’s 14,626 RSUs at IVT?
Under what conditions can David Christy Lynn’s RSUs at IVT vest early?
How will David Christy Lynn’s RSUs from IVT be settled when they vest?
What plan governs David Christy Lynn’s RSU grant from InvenTrust Properties Corp. (IVT)?
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