Mark E. Pasquerilla - 31 May 2022 Form 4 Insider Report for PENNSYLVANIA REAL ESTATE INVESTMENT TRUST

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
02 Jun 2022, 16:05:56 UTC
Prior SEC filing
16 May 2022
Next SEC filing
07 Jun 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Lisa M. Most (attorney-in-fact)

Key filing fact

Mark E. Pasquerilla filed Form 4 for PENNSYLVANIA REAL ESTATE INVESTMENT TRUST on 02 Jun 2022.

Key facts

  • This page summarizes Mark E. Pasquerilla's Form 4 filing for PENNSYLVANIA REAL ESTATE INVESTMENT TRUST.
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 02 Jun 2022, 16:05.

Change

  • Previous filing in this sequence was filed on 16 May 2022.
  • Current net transaction value: -$29,315.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PRET transaction

Shares of Beneficial Interest, par value $1.00 per share

Options Exercise

Transaction value
Shares
+61,845
Change %
+36%
Price
Shares after
232,673
Date
31 May 2022
Ownership
Direct
Footnotes
F1
PRET transaction

Shares of Beneficial Interest, par value $1.00 per share

Disposed to Issuer

Transaction value
$29,315
Shares
-61,845
Change %
-27%
Price
$0.4740
Shares after
170,828
Date
31 May 2022
Ownership
Direct
Footnotes
F1
PRET holding

Shares of Beneficial Interest, par value $1.00 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
55,208
Date
31 May 2022
Ownership
By Partnership
Footnotes
F2
PRET holding

Shares of Beneficial Interest, par value $1.00 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
51,914
Date
31 May 2022
Ownership
By Controlled Entity
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PRET transaction Derivative

Restricted Share Units

Options Exercise

Transaction value
Shares
-61,845
Change %
-100%
Price
Shares after
0
Date
31 May 2022
Ownership
Direct
Underlying class
Shares of Beneficial Interest
Underlying amount
61,845
Exercise price
Footnotes
F1, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

Held by Marenrico Partnership, an entity controlled by Mr. Pasquerilla.

Footnote F3

Held by Pasquerilla Enterprises LP, an entity controlled by Mr. Pasquerilla.

Footnote 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).

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