4/A//SEC Filing
Daniels Lee A 4/A
Accession 0001528985-22-000001
CIK 0001528985other
Filed
Mar 15, 8:00 PM ET
Accepted
Mar 16, 11:47 AM ET
Size
10.4 KB
Accession
0001528985-22-000001
Insider Transaction Report
Form 4/AAmended
Daniels Lee A
Director
Transactions
- Exercise/Conversion
Restricted Share Units
2020-06-01−1,876→ 720 totalExercise: $0.00→ Common Stock (1,876 underlying) - Exercise/Conversion
Common Stock
2020-06-01+1,876→ 3,856 total - Award
Common Stock
2020-06-16+1,101→ 4,959 total
Footnotes (4)
- [F1]The total in column 5 includes shares of common stock issued pursuant to the Company's Distribution Reinvestment Plan and dividend equivalents paid in Restricted Share Units (RSUs) and converted to shares of common stock upon the vesting and conversion of the RSUs.
- [F2]Shares of common stock were granted to the reporting person under the Issuer's Employee and Director Restricted Share Plan. These shares were issued on account of the reporting person's service as a non-employee director of the Issuer and without additional consideration. The shares become vested in equal installments of 33-1/3% on June 16, 2021, June 16, 2022 and June 16, 2023, subject to the reporting person's continued service to the Issuer; provided that 100% of any then unvested shares becomes fully vested upon the consummation of a liquidity event or termination of the reporting person's service to the Issuer by reason of death or disability. The total in column 5 includes shares of common stock issued pursuant to the Company's Distribution Reinvestment Plan.
- [F3]RSUs were granted to the reporting person pursuant to the Issuer's Employee and Director Restricted Share Plan at various dates coinciding generally with the Issuer's annual meeting and reported previously on Form 4s with their respective vesting schedules. Each RSU represents the right to receive one share of the Issuer's common stock and an amount of additional stock equal to the cash value of the dividends that would have been paid to the reporting person if one share of common stock had been issued on the grant date for each RSU. These RSUs were issued for the reporting person's service as a non-employee director of the Issuer and without additional consideration.
- [F4]Vested RSUs were settled in shares of common stock on 6/1/20 per the terms of the RSU award agreement with the Issuer. Non-vested RSUs will be settled in shares of common stock when they vest.
Documents
Issuer
Inland Real Estate Income Trust, Inc.
CIK 0001528985
Entity typeother
Related Parties
1- filerCIK 0001444690
Filing Metadata
- Form type
- 4/A
- Filed
- Mar 15, 8:00 PM ET
- Accepted
- Mar 16, 11:47 AM ET
- Size
- 10.4 KB