Phillips Michael Douglas 4

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.