Busch Daniel 4
Research Summary
AI-generated summary
InvenTrust (IVT) CEO Daniel Busch Receives RSU Award
What Happened
Daniel Busch, President & CEO and a director of InvenTrust Properties Corp. (IVT), received an award of 42,024 Restricted Stock Units (RSUs) on 2026-02-18. The RSUs were granted at $0.00 (no cash purchase) and are recorded as a derivative award that will convert to shares of common stock upon vesting.
Key Details
- Transaction date: 2026-02-18; filing date: 2026-02-20 (filed within two days, appears timely).
- Grant: 42,024 RSUs; reported acquisition price $0.00 (derivative award, code A).
- Vesting: 33% vests 12/31/2026, 33% vests 12/31/2027, 34% vests 12/31/2028.
- Acceleration: Vesting may accelerate if employment terminates due to death/disability or if terminated without cause/by holder for good reason within 24 months after a change in control.
- Settlement: RSUs will be settled in shares of common stock within 60 days after each vesting date.
- Shares owned after transaction: not specified in the provided filing.
- No 10b5-1 plan, tax-withholding specifics, or immediate cashless sale noted in the filing.
Context
RSUs are a form of equity compensation — they represent the right to receive shares later if vesting conditions are met. This award does not involve an immediate purchase or sale of stock and does not directly signal buying pressure. Such grants are common for executives as part of compensation and retention packages; value to the executive depends on InvenTrust’s future share price at each vesting/settlement date.