Hart Kenneth B. 4
4 · PENNSYLVANIA REAL ESTATE INVESTMENT TRUST · Filed Aug 7, 2023
Insider Transaction Report
Form 4
Hart Kenneth B.
Director
Transactions
- Disposition to Issuer
Shares of Beneficial Interest, par value $1.00 per share
2023-08-03$0.59/sh−25,300$14,973→ 899 total - Exercise/Conversion
Restricted Share Units
2023-08-03−25,300→ 0 total→ Shares of Beneficial Interest (25,300 underlying) - Exercise/Conversion
Shares of Beneficial Interest, par value $1.00 per share
2023-08-03+25,300→ 26,199 total
Holdings
- 460(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 August 3, 2023 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]Owned by the brother of the Reporting Person. The Reporting Person shares dispositive power over such shares.
- [F3]The RSU grant consisted of 25,300 RSUs granted on August 3, 2022, with all RSUs vesting on August 3, 2023.