Saban Paula 4
4 · InvenTrust Properties Corp. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
InvenTrust (IVT) Director Paula Saban Exercises RSUs, Receives Award
What Happened
- Paula Saban, a director of InvenTrust Properties Corp. (IVT), had derivative units convert/vest and received an RSU award on May 5, 2026. The filing shows an exercise/conversion of 4,372 derivative units (acquired at $0.00 and simultaneously disposed at $0.00) and a grant/award of 4,352 RSUs (acquired at $0.00). Reported dollar amounts for these transactions are $0.
Key Details
- Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (timely filing).
- Activity reported:
- Exercise/conversion (code M): 4,372 shares acquired @ $0.00 and 4,372 shares disposed @ $0.00 (derivative).
- Grant/award (code A): 4,352 RSUs acquired @ $0.00 (derivative).
- Shares owned after the transaction: not specified in the provided summary.
- Footnotes:
- F1: RSUs represent contingent rights to one share each under the 2015 Incentive Award Plan; these RSUs vest in full on May 5, 2026 (issuer’s 2026 annual meeting).
- F2: Additional RSU terms noted — vesting occurs on the earlier of the next annual meeting or one year after grant, subject to continued service; accelerated vesting on death/disability or change in control; settlement in shares within 60 days of vesting.
- The simultaneous acquisition and disposal of 4,372 derivative units at $0.00 commonly reflects RSU conversion with shares withheld or surrendered (e.g., for tax withholding), though the filing shows no cash proceeds.
Context
- These entries reflect RSU vesting/settlement activity rather than an open‑market buy or sell. Vesting/withholding transactions are routine for executives and directors and do not necessarily signal a view on the company’s stock.
- For retail investors, purchases are generally more informative as a bullish signal; this filing documents awards and conversions tied to compensation/vesting.
Insider Transaction Report
Form 4
Saban Paula
Director
Transactions
- Exercise/Conversion
Common Stock
2026-05-05+4,372→ 35,149 total(indirect: By Trust) - 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).
Signature
/s/ Christy L. David, Attorney in Fact|2026-05-07