David Christy Lynn 4
Research Summary
AI-generated summary
InvenTrust (IVT) EVP David Christy Lynn Receives Award, Surrenders Shares
What Happened
- David Christy Lynn, EVP, Chief Operating Officer, General Counsel & Secretary of InvenTrust Properties Corp. (IVT), had 64,112 performance-based shares vest on March 6, 2026 (reported on Form 4 filed 2026-03-11). Those shares were reported as an award/acquisition (64,112 @ $0.00). On the same date, 28,342 shares were surrendered to the issuer at $30.90 per share to satisfy tax withholding obligations, generating proceeds of $875,768 (disposition to the issuer).
Key Details
- Transaction date: 2026-03-06; Form 4 filed: 2026-03-11 (reporting the March 6 vesting/withholding).
- Award: 64,112 performance shares granted/vested (reported as acquired at $0.00).
- Disposition: 28,342 shares surrendered to issuer at $30.90 each; total value $875,768.
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes: F1 — award vests based on Total Shareholder Return vs. FTSE Nareit Equity Shopping Center Index for 1/1/2023–12/31/2025. F2 — surrendered shares were used to satisfy tax withholding on the vesting.
- Nature of disposition: surrender to issuer for tax withholding (routine), not an open‑market sale.
Context
- This filing documents a performance‑based vesting event (an award) and the routine surrender of shares to cover taxes. Awards reflect compensation tied to company performance metrics; the surrender reduces the net shares received and is not an indicator of a discretionary sale by the insider.