0000899243-23-007518.txt : 20230308 0000899243-23-007518.hdr.sgml : 20230308 20230308160517 ACCESSION NUMBER: 0000899243-23-007518 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230306 FILED AS OF DATE: 20230308 DATE AS OF CHANGE: 20230308 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Aristone Joseph J. CENTRAL INDEX KEY: 0001742240 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06300 FILM NUMBER: 23716128 MAIL ADDRESS: STREET 1: C/O PENN, REAL ESTATE INVESTMENT TRUST STREET 2: THE BELLEVUE, 200 S. BROAD STREET CITY: PHILADELPHIA STATE: PA ZIP: 19102 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PENNSYLVANIA REAL ESTATE INVESTMENT TRUST CENTRAL INDEX KEY: 0000077281 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 236216339 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET, SUITE 1000 CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 2158750426 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET, SUITE 1000 CITY: PHILADELPHIA STATE: PA ZIP: 19103 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2023-03-06 0 0000077281 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST PRET 0001742240 Aristone Joseph J. C/O PENN. REAL ESTATE INVESTMENT TRUST 2005 MARKET STREET, SUITE 1000 PHILADELPHIA PA 19103 0 1 0 0 EVP - Leasing Shares of Beneficial Interest, par value $1.00 per share 2023-03-06 4 M 0 5472 A 13086 D Shares of Beneficial Interest, par value $1.00 per share 2023-03-06 4 D 0 5472 1.3088 D 7614 D Restricted Share Units 2023-03-06 4 M 0 5472 D Shares of Beneficial Interest 5472 10942 D Consists of restricted share units ("RSUs") granted on March 4, 2022 pursuant to the issuer's 2022-2024 Equity Award Program (the "2022-2024 Program"). 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 March 4, 2023 for cash. Because March 4, 2023 was a Saturday, the cash settlement amount was determined based on the March 3, 2023 and March 6, 2023 Share price. 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. The 2022-2024 Program RSU grant consisted of 16,414 RSUs (this reflects the adjusted RSU total following the reverse share split, effective as of June 16, 2022) granted on March 4, 2022, with the RSUs vesting in three equal annual installments beginning on March 4, 2023. Represents the average of the highest and lowest selling price of a Share on March 3, 2023 and March 6, 2023. /s/ Joseph J. Aristone 2023-03-08