4//SEC Filing
Galvin Andrew 4
Accession 0000895345-21-000366
CIK 0001628063other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 8:02 PM ET
Size
10.0 KB
Accession
0000895345-21-000366
Insider Transaction Report
Form 4
Galvin Andrew
EVP of Investments
Transactions
- Award
Class A Common Shares
2021-03-05+1,602→ 4,572 total - Tax Payment
Class A Common Shares
2021-03-16$20.73/sh−1,094$22,679→ 11,476 total - Award
Class A Common Shares
2021-03-05+7,998→ 12,570 total - Tax Payment
Class A Common Shares
2021-03-16$23.16/sh−145$3,358→ 11,331 total
Footnotes (4)
- [F1]Represents Restricted Share Units ("RSUs") earned under the terms of an annual performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on March 2, 2018 covering the performance period January 1, 2018 to December 31, 2020. Such number of RSUs is based on the determination by the compensation committee of the board of trustees of the issuer of the applicable level of performance achievement. These RSUs vested on March 5, 2021, when the performance determination was approved, and were settled on March 16, 2021.
- [F2]Represents grants of RSUs awarded under the Seritage Growth Properties 2015 Share Plan on March 5, 2021 based on a per share grant date value of $21.47. Each of these awards will vest in substantially equal installments on the anniversaries of the date of grant in 2022, 2023 and 2024.
- [F3]Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of time-based and performance-based RSUs.
- [F4]Includes 9,184 unvested RSUs, as of the date of this filing, after taking into account the transactions reported herein.
Documents
Issuer
Seritage Growth Properties
CIK 0001628063
Entity typeother
Related Parties
1- filerCIK 0001851284
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 8:02 PM ET
- Size
- 10.0 KB