Phillips Michael Douglas 4

What Happened
Michael D. Phillips, Executive Vice President, Chief Financial Officer & Treasurer of InvenTrust Properties Corp. (IVT), was granted 58,007 performance shares (acquisition at $0) and simultaneously had 25,635 shares disposed to the issuer at $30.90 per share, resulting in proceeds of $792,122. The grant reflects vested performance-based awards; the disposition was shares surrendered to the company to satisfy tax withholding obligations.

Key Details

• Transaction date: March 6, 2026. Filing date: March 11, 2026 (appears later than the typical 2-business-day Form 4 deadline).
• Award (A): 58,007 shares granted at $0.00 (see footnote F1 — performance shares vested based on TSR vs. FTSE Nareit Equity Shopping Center Index for 1/1/2023–12/31/2025; originally granted 2/22/2023).
• Disposition (D): 25,635 shares surrendered to the issuer at $30.90 per share; reported proceeds $792,122 (footnote F2: shares were surrendered to satisfy tax withholding on vesting).
• Shares owned after the transactions: not specified in the information provided in this summary; see the Form 4 for the reported beneficial ownership.
• Filing timeliness: Form filed March 11, 2026 for a March 6 transaction — appears late relative to the standard Form 4 deadline (may merit a check of the full filing for any explanations).

Context
Performance-share awards are compensation that vests when preset performance goals are met; receiving them is not a market purchase and typically reflects company compensation outcomes rather than insider buying conviction. The surrendered shares were used solely to cover taxes on the award (a common administrative step) and do not necessarily indicate a discretionary sale of shares on the open market.