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 | +17.4K | +157.82% | 28.5K | Jun 5, 2023 | Direct | F1 | ||
transaction | PRET | Shares of Beneficial Interest, par value $1.00 per share | Disposed to Issuer | -$10.4K | -17.4K | -61.21% | $0.60 | 11K | Jun 5, 2023 | Direct | F1 |
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 | -17.4K | -100% | 0 | Jun 5, 2023 | Shares of Beneficial Interest | 17.4K | Direct | F1, F2 |
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 June 5, 2023 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 | The RSU grant consisted of 17,431 RSUs (this reflects the adjusted RSU total following the reverse share split, effective as of June 16, 2022) granted on June 3, 2022, with all RSUs vesting on June 5, 2023 (the first business day after June 3, 2023). |