David R. Lukes - Oct 1, 2024 Form 4 Insider Report for SITE Centers Corp. (SITC)

Role: President & CEO, Director
Signature: /s/ Tammy Battler, Attorney-In-Fact
Stock symbol: SITC
Transactions as of: Oct 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 10/3/2024, 04:25 PM
Previous filing: Sep 23, 2024
Next filing: Oct 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SITC	Common Shares	Disposed to Issuer	$0	-35.5K	-10.42%	$0.00	305K	Oct 1, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On October 1, 2024, the Issuer completed a spin-off of Curbline Properties Corp. ("Curbline"), and the reporting person disposed of Issuer restricted share units ("RSUs") in connection with the spin-off. Such RSUs are subject to equitable adjustment subsequent to the date of this report in connection with the spin-off into a corresponding number of Curbline RSUs with substantially the same terms, vesting conditions and other restrictions as applied to the adjusted RSUs.
F2	Equitable adjustment of the RSUs is described in the Employee Matters Agreement, dated as of October 1, 2024, by and among the Issuer, Curbline and Curbline Properties LP, which is filed by the Issuer with the Securities and Exchange Commission.

Content

On October 1, 2024, the Issuer completed a spin-off of Curbline Properties Corp. ("Curbline"), and the reporting person disposed of Issuer restricted share units ("RSUs") in connection with the spin-off. Such RSUs are subject to equitable adjustment subsequent to the date of this report in connection with the spin-off into a corresponding number of Curbline RSUs with substantially the same terms, vesting conditions and other restrictions as applied to the adjusted RSUs.

Equitable adjustment of the RSUs is described in the Employee Matters Agreement, dated as of October 1, 2024, by and among the Issuer, Curbline and Curbline Properties LP, which is filed by the Issuer with the Securities and Exchange Commission.