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: 07 Jun 2023, 16:05.
Mark E. Pasquerilla - 05 Jun 2023 Form 4 Insider Report for PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 05 Jun 2023
- Net transaction value
- -$10,439
- SEC form
- 4
- Accepted by SEC
- 07 Jun 2023, 16:05:28 UTC
- Prior SEC filing
- 18 May 2023
- Next SEC filing
- 03 Apr 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Lisa M. Most (attorney-in-fact)
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Mark E. Pasquerilla filed Form 4 for PENNSYLVANIA REAL ESTATE INVESTMENT TRUST on 07 Jun 2023.
Change
- Previous filing in this sequence was filed on 18 May 2023.
- Current net transaction value: -$10,439.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
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
- +17,431
- Change %
- +153%
- Price
- Shares after
- 28,820
- Date
- 05 Jun 2023
- Ownership
- Direct
- Footnotes
- F1
PRET
transaction
Shares of Beneficial Interest, par value $1.00 per share
Disposed to Issuer
- Transaction value
- $10,439
- Shares
- -17,431
- Change %
- -60%
- Price
- $0.5989
- Shares after
- 11,389
- Date
- 05 Jun 2023
- 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
- 3,679
- Date
- 05 Jun 2023
- 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
- 3,461
- Date
- 05 Jun 2023
- 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
- -17,431
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 05 Jun 2023
- Ownership
- Direct
- Underlying class
- Shares of Beneficial Interest
- Underlying amount
- 17,431
- 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 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.
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 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).