Joseph F. Coradino - May 12, 2021 Form 4 Insider Report for PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (PRET)

Role
Chief Executive Officer, Director
Signature
/s/ Joseph F. Coradino
Stock symbol
PRET
Transactions as of
May 12, 2021
Transactions value $
$0
Form type
4
Date filed
5/14/2021, 04:05 PM
Next filing
Jun 11, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PRET Restricted Share Units Award $0 +800K $0.00 800K May 12, 2021 Shares of Beneficial Interest 800K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted share units ("RSUs") vest in three equal annual installments beginning on March 31, 2022.
F2 Each RSU will be settled in cash in an amount equal to the fair value of a share of Beneficial Interest of the issuer, par value $1.00 per share, on the applicable vesting date, multiplied by the number of RSUs that vest on such date.
F3 Grant of RSUs for no consideration.