Bryson David 4
Research Summary
AI-generated summary
InvenTrust (IVT) SVP/Chief Accounting Officer Bryson David Receives RSUs
What Happened
- Bryson David, SVP and Chief Accounting Officer of InvenTrust Properties Corp. (IVT), received a grant of 3,318 restricted stock units (RSUs) on February 18, 2026. The award is reported as a derivative grant with an acquisition price of $0 — no cash changed hands at grant. The RSUs will be settled in shares of common stock within 60 days after each vesting date.
Key Details
- Transaction date: 2026-02-18; reported on Form 4 filed 2026-02-20 (timely).
- Grant type: Restricted Stock Units (derivative award), 3,318 RSUs, $0 acquisition price.
- Vesting schedule: 33% vests on 12/31/2026, 33% on 12/31/2027, 34% on 12/31/2028.
- Accelerated vesting: Applies if employment terminates due to death/disability, or if the company terminates without cause or the holder leaves for good reason within 24 months after a change in control.
- Settlement: RSUs convert to common shares within 60 days following each vest date.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Filed two days after the grant date (within standard Form 4 timing).
Context
- This is a time-based equity award (compensation/retention), not an open-market purchase or sale. RSU grants are common executive compensation and do not reflect an immediate buy or sell decision by the insider. The award could result in future share issuance to the insider as units vest and are settled.