Saban Paula 4

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.