InvenTrust (IVT) awards EVP Lauren Suva 3,484 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Suva Lauren reported acquisition or exercise transactions in this Form 4 filing.
InvenTrust Properties Corp. granted EVP and Chief Administrative Officer Lauren Suva 3,484 restricted stock units (RSUs) of common stock. These RSUs were awarded under the InvenTrust Properties Corp. 2015 Incentive Award Plan, as amended, as part of her equity-based compensation.
According to the vesting schedule, 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 her employment ends under certain change-in-control conditions, 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
Suva Lauren
Role
EVP, Chief Administrative Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,484 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 6,660 shares (Direct)
Footnotes (1)
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FAQ
What did InvenTrust Properties Corp. (IVT) report for Lauren Suva in this Form 4?
InvenTrust reported that EVP and Chief Administrative Officer Lauren Suva received a grant of 3,484 restricted stock units. The award is part of the company’s 2015 Incentive Award Plan, providing equity-based compensation that vests over multiple years and settles in common stock after vesting.
How many restricted stock units did IVT grant to executive Lauren Suva?
Lauren Suva was granted 3,484 restricted stock units in InvenTrust Properties Corp. These RSUs represent the right to receive shares of common stock upon vesting, aligning a portion of her compensation with the company’s long-term performance and shareholder value over several years.
What is the vesting schedule for Lauren Suva’s 3,484 IVT restricted stock units?
The 3,484 RSUs vest in three tranches: 33% on December 31, 2026, another 33% on December 31, 2027, and 34% on December 31, 2028. This multi-year schedule promotes retention and long-term incentive alignment for InvenTrust’s executive vice president and Chief Administrative Officer.
Under what conditions can Lauren Suva’s IVT restricted stock units vest early?
The RSUs may vest early if her employment terminates due to death or disability, or if InvenTrust terminates her without cause or she leaves for good reason, within 24 months following a change in control. These provisions offer protection during significant corporate transitions.
How will Lauren Suva’s InvenTrust RSUs be settled once they vest?
Once vested, Lauren Suva’s restricted stock units will be settled in shares of InvenTrust’s common stock. Settlement will occur within 60 days after each applicable vesting date, converting her RSUs into actual share ownership under the company’s 2015 Incentive Award Plan.
Which compensation plan governs Lauren Suva’s IVT restricted stock unit grant?
The grant to Lauren Suva was made under the InvenTrust Properties Corp. 2015 Incentive Award Plan, as amended. This plan authorizes equity-based awards like RSUs to executives, tying part of their compensation to the company’s long-term stock performance and service-based vesting.