Steven Kahn - Jan 2, 2024 Form 4 Insider Report for Trinity Place Holdings Inc. (TPHS)

Role
Chief Financial Officer
Signature
/s/ Richard G. Pyontek, as Attorney-in-Fact for Steven Kahn
Stock symbol
TPHS
Transactions as of
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 04:17 PM
Previous filing
Jan 9, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TPHS Restricted Stock Units Award $0 +50K $0.00 50K Jan 2, 2024 Common Stock 50K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") converts into one share of common stock of Trinity Place Holdings Inc.
F2 The RSUs will vest as follows: one-half of the RSUs will vest on each of January 1, 2025 and January 1, 2026, subject to the reporting person's continued employment on the applicable vesting dates. In the event the reporting person's employment is terminate without cause, all of the unvested RSUs will vest immediately.