Phillips Michael Douglas 4
4 · InvenTrust Properties Corp. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
InvenTrust (IVT) CFO Michael Phillips Receives 13,354 RSUs
What Happened Michael Phillips, Executive Vice President, Chief Financial Officer & Treasurer of InvenTrust Properties Corp. (IVT), was granted 13,354 restricted stock units (RSUs) on February 18, 2026. The award is reported at $0.00 per unit (a granted derivative award) and will settle into shares of common stock upon vesting rather than representing an immediate cash transaction.
Key Details
- Transaction date: 2026-02-18 (Form 4 filed 2026-02-20). Filing appears timely (within the standard Form 4 window).
- Grant type: RSU award (derivative acquisition), 13,354 units; reported price $0.00.
- Vesting schedule: 33% vested on 12/31/2026, 33% on 12/31/2027, and 34% on 12/31/2028.
- Accelerated vesting: applicable on death/disability or if employment terminates (without cause or for good reason) within 24 months after a change in control.
- Settlement: RSUs will be settled in common stock within 60 days after each vesting date.
- Shares owned after transaction: not reported in this Form 4.
Context RSU grants are compensation that convert to shares only after vesting; they are not open-market purchases or sales and do not necessarily signal immediate trading intent. This filing documents a routine equity award under the company’s 2015 Incentive Award Plan and includes standard accelerated-vesting protections tied to a change in control.
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-02-18+13,354→ 27,397 total→ Common Stock (13,354 underlying)
Footnotes (1)
- [F1]Reflects an award of Restricted Stock Units ("RSUs") in the Issuer pursuant to the InvenTrust Properties Corp. 2015 Incentive Award Plan, as amended. Thirty-three percent (33%) of these units will vest on December 31, 2026, thirty-three percent (33%) of these units will vest on December 31, 2027 and the remaining thirty-four percent (34%) of these units will vest on December 31, 2028, subject to accelerated vesting in the event of a termination of employment (i) due to death or disability or (ii) by the Issuer without cause or by the holder for good reason, each within 24 months following a change in control of the Issuer. The RSUs will be settled in shares of the Issuer's common stock within 60 days after the vesting date.