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 | +36.8K | +129.3% | 65.2K | Mar 6, 2023 | Direct | F1 | ||
transaction | PRET | Shares of Beneficial Interest, par value $1.00 per share | Disposed to Issuer | -$48.1K | -36.8K | -56.39% | $1.31 | 28.4K | Mar 6, 2023 | Direct | F1, 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 | -36.8K | -33.33% | 73.5K | Mar 6, 2023 | Shares of Beneficial Interest | 36.8K | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Consists of restricted share units ("RSUs") granted on March 4, 2022 pursuant to the issuer's 2022-2024 Equity Award Program (the "2022-2024 Program"). 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 March 4, 2023 for cash. Because March 4, 2023 was a Saturday, the cash settlement amount was determined based on the March 3, 2023 and March 6, 2023 Share price. 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 | The 2022-2024 Program RSU grant consisted of 110,294 RSUs (this reflects the adjusted RSU total following the reverse share split, effective as of June 16, 2022) granted on March 4, 2022, with the RSUs vesting in three equal annual installments beginning on March 4, 2023. |
F3 | Represents the average of the highest and lowest selling price of a Share on March 3, 2023 and March 6, 2023. |