Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PRET | Shares of Beneficial Interest, par value $1.00 per share | Options Exercise | +61.8K | +36.2% | 233K | May 31, 2022 | Direct | F1 | ||
transaction | PRET | Shares of Beneficial Interest, par value $1.00 per share | Disposed to Issuer | -$29.3K | -61.8K | -26.58% | $0.47 | 171K | May 31, 2022 | Direct | F1 |
holding | PRET | Shares of Beneficial Interest, par value $1.00 per share | 55.2K | May 31, 2022 | By Partnership | F2 | |||||
holding | PRET | Shares of Beneficial Interest, par value $1.00 per share | 51.9K | May 31, 2022 | By Controlled Entity | F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PRET | Restricted Share Units | Options Exercise | -61.8K | -100% | 0 | May 31, 2022 | Shares of Beneficial Interest | 61.8K | Direct | F1, F4 |
Id | Content |
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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 May 31, 2022 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 | Held by Marenrico Partnership, an entity controlled by Mr. Pasquerilla. |
F3 | Held by Pasquerilla Enterprises LP, an entity controlled by Mr. Pasquerilla. |
F4 | The RSU grant consisted of 61,845 RSUs granted on May 28, 2021, with all RSUs vesting on May 31, 2022 (the first business day after May 28, 2022). |