4//SEC Filing
Ioannou Andrew M. 4
Accession 0000899243-23-007522
CIK 0000077281other
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 4:05 PM ET
Size
10.1 KB
Accession
0000899243-23-007522
Insider Transaction Report
Form 4
Ioannou Andrew M.
EVP - Finance & Acquisitions
Transactions
- Exercise/Conversion
Shares of Beneficial Interest, par value $1.00 per share
2023-03-06+5,472→ 11,850 total - Disposition to Issuer
Shares of Beneficial Interest, par value $1.00 per share
2023-03-06$1.31/sh−5,472$7,162→ 6,378 total - Exercise/Conversion
Restricted Share Units
2023-03-06−5,472→ 10,942 total→ Shares of Beneficial Interest (5,472 underlying)
Footnotes (3)
- [F1]Consists of restricted share units ("RSUs") granted on March 4, 2022 pursuant to the issuer's 2022-2024 Equity Award Program (the "2022-2024 Program"). Each RSU represents a contingent right to receive one share of Beneficial Interest, par value $1.00 per share (a "Share"), of the issuer. The RSUs may be settled in Shares or cash in the discretion of the issuer's Compensation Committee. The Compensation Committee determined to settle the RSUs that vested on March 4, 2023 for cash. Because March 4, 2023 was a Saturday, the cash settlement amount was determined based on the March 3, 2023 and March 6, 2023 Share price. For purposes of this Form 4, the cash settlement of the vested RSUs has been presented as the conversion of the vested RSUs into Shares and the simultaneous disposition of Shares to the issuer for cash.
- [F2]The 2022-2024 Program RSU grant consisted of 16,414 RSUs (this reflects the adjusted RSU total following the reverse share split, effective as of June 16, 2022) granted on March 4, 2022, with the RSUs vesting in three equal annual installments beginning on March 4, 2023.
- [F3]Represents the average of the highest and lowest selling price of a Share on March 3, 2023 and March 6, 2023.
Documents
Issuer
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
CIK 0000077281
Entity typeother
Related Parties
1- filerCIK 0001637110
Filing Metadata
- Form type
- 4
- Filed
- Mar 7, 7:00 PM ET
- Accepted
- Mar 8, 4:05 PM ET
- Size
- 10.1 KB