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