Timothy Collier - 12 Dec 2023 Form 4 Insider Report for RPT Realty

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
14 Dec 2023, 20:45:36 UTC
Prior SEC filing
06 Mar 2023
Next SEC filing
04 Jan 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Raymond Merk, attorney-in-fact

Key filing fact

Timothy Collier filed Form 4 for RPT Realty on 14 Dec 2023.

Key facts

  • This page summarizes Timothy Collier's Form 4 filing for RPT Realty.
  • 7 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 14 Dec 2023, 20:45.

Change

  • Previous filing in this sequence was filed on 06 Mar 2023.
  • Current net transaction value: -$1,752,119.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NYSE: RPT transaction

Common Shares of Beneficial Interest

Award

Transaction value
$0
Shares
+17,189
Change %
+17%
Price
$0.000000
Shares after
118,425
Date
12 Dec 2023
Ownership
Direct
Footnotes
F1
NYSE: RPT transaction

Common Shares of Beneficial Interest

Options Exercise

Transaction value
$0
Shares
+50,000
Change %
+42%
Price
$0.000000
Shares after
168,425
Date
12 Dec 2023
Ownership
Direct
Footnotes
F2
NYSE: RPT transaction

Common Shares of Beneficial Interest

Award

Transaction value
$0
Shares
+55,196
Change %
+33%
Price
$0.000000
Shares after
223,621
Date
12 Dec 2023
Ownership
Direct
Footnotes
F3
NYSE: RPT transaction

Common Shares of Beneficial Interest

Award

Transaction value
$0
Shares
+39,960
Change %
+18%
Price
$0.000000
Shares after
263,581
Date
12 Dec 2023
Ownership
Direct
Footnotes
F4
NYSE: RPT transaction

Common Shares of Beneficial Interest

Award

Transaction value
$0
Shares
+62,238
Change %
+24%
Price
$0.000000
Shares after
325,819
Date
12 Dec 2023
Ownership
Direct
Footnotes
F5
NYSE: RPT transaction

Common Shares of Beneficial Interest

Tax liability

Transaction value
$1,752,119
Shares
-143,264
Change %
-44%
Price
$12.23
Shares after
182,555
Date
12 Dec 2023
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NYSE: RPT transaction Derivative

Performance Restricted Share Units

Options Exercise

Transaction value
$0
Shares
-25,000
Change %
-100%
Price
$0.000000*
Shares after
0
Date
12 Dec 2023
Ownership
Direct
Underlying class
Common Shares of Beneficial Interest
Underlying amount
50,000
Exercise price
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Represents restricted share units granted to the reporting person in August 2018 that were subject to performance-based vesting hurdles for the period from August 6, 2018 through December 31, 2024. In connection with that Agreement and Plan of Merger, dated as of August 28, 2023 (the "Merger Agreement"), by and among RPT Realty, a Maryland real estate investment trust ("RPT"), RPT Realty, L.P., a Delaware limited partnership, Kimco Realty Corporation, a Maryland corporation ("Kimco"), Kimco Realty OP, LLC, a Delaware limited liability company ("Kimco OP"), Tarpon Acquisition Sub, LLC, a Delaware limited liability company and direct wholly owned subsidiary of Kimco, and Tarpon OP Acquisition Sub, LLC, a Delaware limited liability company and direct wholly owned subsidiary of Kimco OP, the Compensation and Human Capital Committee of the Board of Trustees of RPT (the "Compensation Committee") accelerated the vesting of such restricted share units, effective as of December 12, 2023.

Footnote F2

Represents restricted share units granted to the reporting person in October 2020 that were subject to vesting based on the appreciation of RPT's common share price during the period from October 27, 2020 through December 31, 2024. In connection with the Merger Agreement, the Compensation Committee accelerated the vesting of such restricted shares units, effective as of December 12, 2023.

Footnote F3

Represents restricted share units granted to the reporting person in February 2021 that were subject to performance-based vesting hurdles for the period from January 1, 2021 through December 31, 2023. In connection with the Merger Agreement, the Compensation Committee accelerated the vesting of such restricted shares units, effective as of December 12, 2023.

Footnote F4

Represents restricted share units granted to the reporting person in March 2022 that were subject to performance-based vesting hurdles for the period from January 1, 2022 through December 31, 2024. In connection with the Merger Agreement, the Compensation Committee accelerated the vesting of such restricted shares units, effective as of December 12, 2023.

Footnote F5

Represents restricted share units granted to the reporting person in March 2023 that were subject to performance-based vesting hurdles for the period from January 1, 2023 through December 31, 2025. In connection with the Merger Agreement, the Compensation Committee accelerated the vesting of such restricted shares units, effective as of December 12, 2023.

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