0000899243-23-010377.txt : 20230404 0000899243-23-010377.hdr.sgml : 20230404 20230404160524 ACCESSION NUMBER: 0000899243-23-010377 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230404 DATE AS OF CHANGE: 20230404 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CORADINO JOSEPH F CENTRAL INDEX KEY: 0001203104 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06300 FILM NUMBER: 23797267 MAIL ADDRESS: STREET 1: C/O PENN. REAL ESTATE INVESTMENT TRUST STREET 2: 200 S. BROAD ST., THE BELLEVUE CITY: PHILADEPHIA 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 X0407 4 2023-03-31 0 0000077281 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST PRET 0001203104 CORADINO JOSEPH F C/O PENN. REAL ESTATE INVESTMENT TRUST 2005 MARKET STREET, SUITE 1000 PHILADELPHIA PA 19103 1 1 0 0 Chief Executive Officer 0 Shares of Beneficial Interest, par value $1.00 per share 2023-03-31 4 M 0 17785 A 46218 D Shares of Beneficial Interest, par value $1.00 per share 2023-03-31 4 D 0 17785 1.08 D 28433 D Restricted Share Units 2023-03-31 4 M 0 17785 D Shares of Beneficial Interest 17785 17784 D Consists of restricted share units ("RSUs") granted on May 12, 2021 pursuant to a Restricted Share Unit and Outperformance Unit Award Agreement (the "Award Agreement") in connection with entry into an amended and restated employment agreement. Each RSU will be settled in cash in an amount equal to the fair value of a share of Beneficial Interest of the issuer, par value $1.00 per share (a "Share"), on the applicable vesting date, multiplied by the number of RSUs that vest on such date. 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. 53,354 cash-settled, time-based RSUs (this reflects the adjusted RSU total following the reverse share split, effective as of June 16, 2022) were granted pursuant to the Award Agreement, with the RSUs vesting in three equal annual installments beginning on March 31, 2022. /s/ Joseph F. Coradino 2023-04-04