InvenTrust (IVT) SVP Bryson David Receives Award, Sells Shares

What Happened
Bryson David, Senior Vice President and Chief Accounting Officer of InvenTrust Properties Corp. (IVT), had performance-based shares vest on March 6, 2026 and concurrently surrendered a portion of those shares to the issuer to satisfy tax withholding. The Form 4 shows an award/acquisition of 10,354 shares at $0.00 and a disposition-to-issuer of 4,470 shares at $30.90, generating $138,123 (disposition value). Net of the shares withheld for taxes, David received 5,884 net shares from the vesting.

Key Details

• Transaction dates: March 6, 2026 (award/vesting and share surrender for taxes).
• Award: 10,354 performance shares granted/vested (reported at $0 cost). Per the filing footnote, these vested because InvenTrust met performance criteria tied to Total Shareholder Return vs. the FTSE Nareit Equity Shopping Center Index for 1/1/2023–12/31/2025 (F1).
• Disposition: 4,470 shares surrendered to the issuer at $30.90/share to satisfy tax withholding obligations, totaling $138,123 (F2). This was a surrender to the company for taxes, not an open-market sale.
• Net new shares retained by insider (based on these entries): 10,354 − 4,470 = 5,884 shares.
• Filing: Report filed March 11, 2026 for transactions on March 6, 2026 (appears to be later than the typical 2-business-day Form 4 window).

Context
Performance-share vesting is a common form of compensation and the 4,470-share disposition was a tax-withholding surrender (routine), not a market sale that would signal immediate cashing out. The award’s reported acquisition value is $0 for the insider (compensation vesting); based on the $30.90/share withholding price, the vested shares had an approximate market value of about $320k (10,354 × $30.90) at vesting. The filing’s apparent lateness may be noted by market watchers, though it does not change the substance of the vesting and withholding transactions.