Busch Daniel 4

What Happened

• Daniel Busch, President & CEO and a director of InvenTrust Properties Corp. (IVT), had 135,391 shares awarded/vested on 2026-03-06 (acquired at $0.00 as a performance award). On the same date he disposed of 59,920 shares to the issuer at $30.90 per share, a disposition valued at $1,851,528. The award reflects performance shares that vested based on TSR performance for the 2023–2025 period.

Key Details

• Transaction dates and prices:
  • 2026-03-06 — Award/acquisition: 135,391 shares @ $0.00 (performance-based award).
  • 2026-03-06 — Disposition to issuer (tax withholding): 59,920 shares @ $30.90 = $1,851,528.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Shares were awarded because the company met performance criteria based on Total Shareholder Return vs. the FTSE Nareit Equity Shopping Center Index for 1/1/2023–12/31/2025 (award originally granted 2/22/2023).
  • F2: The disposition reflects shares surrendered to the issuer to satisfy tax withholding obligations upon vesting.
• Filing timeliness: The Form 4 was filed on 2026-03-11 for transactions dated 2026-03-06 (filed 5 days later), which appears to be past the typical 2-business-day Form 4 deadline.

Context

• This was not an open-market purchase but the vesting of performance-based equity. The transfer of 59,920 shares to the issuer was a routine, cashless surrender to cover tax withholding and should not be interpreted as a discretionary sale of vested shares. Performance awards signal compensation tied to company performance rather than an insider buying shares.