4//SEC Filing
CORADINO JOSEPH F 4
Accession 0000899243-23-010377
CIK 0000077281other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 4:05 PM ET
Size
9.8 KB
Accession
0000899243-23-010377
Insider Transaction Report
Form 4
CORADINO JOSEPH F
DirectorPresident, PREIT Services, LLC
Transactions
- Disposition to Issuer
Shares of Beneficial Interest, par value $1.00 per share
2023-03-31$1.08/sh−17,785$19,208→ 28,433 total - Exercise/Conversion
Restricted Share Units
2023-03-31−17,785→ 17,784 total→ Shares of Beneficial Interest (17,785 underlying) - Exercise/Conversion
Shares of Beneficial Interest, par value $1.00 per share
2023-03-31+17,785→ 46,218 total
Footnotes (2)
- [F1]Consists of restricted share units ("RSUs") granted on May 12, 2021 pursuant to a Restricted Share Unit and Outperformance Unit Award Agreement (the "Award Agreement") in connection with entry into an amended and restated employment agreement. Each RSU will be settled in cash in an amount equal to the fair value of a share of Beneficial Interest of the issuer, par value $1.00 per share (a "Share"), on the applicable vesting date, multiplied by the number of RSUs that vest on such date. 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]53,354 cash-settled, time-based RSUs (this reflects the adjusted RSU total following the reverse share split, effective as of June 16, 2022) were granted pursuant to the Award Agreement, with the RSUs vesting in three equal annual installments beginning on March 31, 2022.
Documents
Issuer
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
CIK 0000077281
Entity typeother
Related Parties
1- filerCIK 0001203104
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 4:05 PM ET
- Size
- 9.8 KB