4//SEC Filing
ROBERTS JOHN JOSEPH 4
Accession 0000899243-22-020674
CIK 0000077281other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 4:06 PM ET
Size
10.5 KB
Accession
0000899243-22-020674
Insider Transaction Report
Form 4
ROBERTS JOHN JOSEPH
Director
Transactions
- Exercise/Conversion
Shares of Beneficial Interest, par value $1.00 per share
2022-05-31+61,845→ 194,939 total - Disposition to Issuer
Shares of Beneficial Interest, par value $1.00 per share
2022-05-31$0.47/sh−61,845$29,315→ 133,094 total - Exercise/Conversion
Restricted Share Units
2022-05-31−61,845→ 0 total→ Shares of Beneficial Interest (61,845 underlying)
Holdings
- 59,154(indirect: See Footnote)
Shares of Beneficial Interest, par value $1.00 per share
Footnotes (3)
- [F1]Consists of restricted share units ("RSUs") granted under the issuer's Amended and Restated Pennsylvania Real Estate Investment Trust 2018 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of Beneficial Interest, par value $1.00 per share (a "Share"), of the issuer. The RSUs may be settled in Shares or cash in the discretion of the issuer's Compensation Committee. The Compensation Committee determined to settle the RSUs that vested on May 31, 2022 for cash. For purposes of this Form 4, the cash settlement of the vested RSUs has been presented as the conversion of the vested RSUs into Shares and the simultaneous disposition of Shares to the issuer for cash.
- [F2]59,154 Shares held indirectly in a grantor retained annuity trust through a Vanguard GRAT.
- [F3]The RSU grant consisted of 61,845 RSUs granted on May 28, 2021, with all RSUs vesting on May 31, 2022 (the first business day after May 28, 2022).
Documents
Issuer
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
CIK 0000077281
Entity typeother
Related Parties
1- filerCIK 0001243108
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 4:06 PM ET
- Size
- 10.5 KB