Aitken Stuart 4
4 · InvenTrust Properties Corp. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
InvenTrust (IVT) Director Stuart Aitken Receives RSU Award
What Happened
Stuart Aitken, a director of InvenTrust Properties Corp. (IVT), had restricted stock units (RSUs) vest on May 5, 2026. The Form 4 reports a conversion/exercise-type derivative entry for 4,372 shares at $0.00 (code M) and a grant/award acquisition of 4,352 RSUs at $0.00 (code A). No cash was exchanged in these reported transactions.
Key Details
- Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (appears timely).
- Reported transactions:
- Code M (exercise/conversion of derivative): 4,372 shares @ $0.00 (acquired) and 4,372 shares @ $0.00 (disposed, derivative).
- Code A (grant/award): 4,352 RSUs @ $0.00 (acquired).
- Transaction value: $0 (these are non‑cash RSU/derivative events).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes:
- F1: RSUs represent contingent rights to one share each; the RSUs vest in full on May 5, 2026 (the company’s 2026 annual meeting).
- F2: Some RSUs vest on the earlier of the next annual meeting or one year after grant, subject to continued service; RSUs will be settled in shares within 60 days after vesting (or immediately on a change in control).
Context
These entries reflect RSU vesting and conversion into common stock (compensation for service), not an open‑market buy or sale by the director. Such awards are typically routine director compensation and do not by themselves indicate intent to buy or sell more shares. The derivative/settlement reporting indicates conversion/settlement mechanics rather than a cash exercise.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-05+4,372→ 28,885 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-05-05−4,372→ 0 total→ Common Stock (4,372 underlying) - Award
Restricted Stock Units
[F2]2026-05-05+4,352→ 4,352 total→ Common Stock (4,352 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock pursuant to the InvenTrust Properties Corp. 2015 Incentive Award Plan, as amended. The RSUs vest in full on May 5, 2026, the date of the Issuer's 2026 annual meeting of stockholders.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's common stock pursuant to the InvenTrust Properties Corp. 2015 Incentive Award Plan, as amended. The RSUs vest on the earlier of (i) the date of the next annual meeting of the Issuer's stockholders following the grant date or (ii) the first anniversary of the grant date, subject to the director's continued service on the vesting date. The RSUs are subject to accelerated vesting in the event of a termination of service due to death or disability or a change in control of the Issuer. The RSUs will be settled in shares of the Issuer's common stock within 60 days after the vesting date (or in the event of a change in control of the Issuer, immediately preceding and effective upon such change in control).