4//SEC Filing
ROBERTS JOHN JOSEPH 4
Accession 0000899243-23-014703
CIK 0000077281other
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 4:05 PM ET
Size
10.6 KB
Accession
0000899243-23-014703
Insider Transaction Report
Form 4
ROBERTS JOHN JOSEPH
Director
Transactions
- Disposition to Issuer
Shares of Beneficial Interest, par value $1.00 per share
2023-06-05$0.60/sh−17,431$10,439→ 0 total - Exercise/Conversion
Shares of Beneficial Interest, par value $1.00 per share
2023-06-05+17,431→ 17,431 total - Exercise/Conversion
Restricted Share Units
2023-06-05−17,431→ 0 total→ Shares of Beneficial Interest (17,431 underlying)
Holdings
- 12,816(indirect: See Footnote)
Shares of Beneficial Interest, par value $1.00 per share
Footnotes (3)
- [F1]Consists of restricted share units ("RSUs") granted under the issuer's Amended and Restated Pennsylvania Real Estate Investment Trust 2018 Equity Incentive Plan. 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 June 5, 2023 for cash. 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]12,816 Shares held indirectly in a revocable trust.
- [F3]The RSU grant consisted of 17,431 RSUs (this reflects the adjusted RSU total following the reverse share split, effective as of June 16, 2022) granted on June 3, 2022, with all RSUs vesting on June 5, 2023 (the first business day after June 3, 2023).
Documents
Issuer
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
CIK 0000077281
Entity typeother
Related Parties
1- filerCIK 0001243108
Filing Metadata
- Form type
- 4
- Filed
- Jun 6, 8:00 PM ET
- Accepted
- Jun 7, 4:05 PM ET
- Size
- 10.6 KB