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

Role
Chief Executive Officer, Director
Signature
/s/ Joseph F. Coradino
Issuer symbol
N/A
Transactions as of
12 May 2021
Net transactions value
$0
Form type
4
Filing time
14 May 2021, 16:05:22 UTC
Next filing
11 Jun 2021
SEC
View on sec.gov

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 +800,323 $0.000000 800,323 12 May 2021 Shares of Beneficial Interest 800,323 $0.000000 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.