Crowell Heather 4
4 · PENNSYLVANIA REAL ESTATE INVESTMENT TRUST · Filed Feb 11, 2022
Insider Transaction Report
Form 4
Crowell Heather
EVP - Strategy & Communication
Transactions
- Award
Shares of Beneficial Interest, par value $1.00 per share
2022-02-09+54,977→ 143,532 total - Tax Payment
Shares of Beneficial Interest, par value $1.00 per share
2022-02-09$0.88/sh−14,081$12,457→ 129,451 total
Footnotes (2)
- [F1]Represents the number of performance-contingent outperformance units, or OPUs, determined by the Issuer's Compensation Committee to have been earned as a result of the Issuer's achievement of certain specified operating outperformance metrics over a three-year measurement period from 2019 through 2021. The OPUs represent the right to receive Shares of Beneficial Interest, and as a result, the same number of shares of Beneficial Interest are issued. Of this total number of shares, 50% are immediately vested upon issuance, and the remaining 50% are restricted and vest in equal installments on December 31, 2022 and December 31, 2023.
- [F2]Includes 45,873 shares held pursuant to an employee share purchase plan.