Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | IVT | Restricted Stock Units | Award | $0 | +8.42K | +23.37% | $0.00 | 44.4K | Aug 6, 2021 | Common Stock | 8.42K | Direct | F1, F2 |
Id | Content |
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F1 | Reflects an award of Restricted Stock Units ("RSUs") in the Issuer pursuant to the InvenTrust Properties Corp. 2015 Incentive Award Plan. Thirty-three percent (33%) of these units will vest on December 31, 2021, thirty-three percent (33%) of these units will vest on December 31, 2022 and the remaining thirty-four percent (34%) of these units will vest on December 31, 2023, subject to accelerated vesting in the event of a termination of employment (i) due to death or disability or (ii) by the Issuer without cause or by the holder for good reason, each within 24 months following a change in control of the Issuer. The RSUs will be settled in shares of the Issuer's common stock within 60 days after the vesting date. |
F2 | On August 5, 2021, the Issuer effected a 1-for-10 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split. |