0000899243-23-014706.txt : 20230607
0000899243-23-014706.hdr.sgml : 20230607
20230607160537
ACCESSION NUMBER: 0000899243-23-014706
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230605
FILED AS OF DATE: 20230607
DATE AS OF CHANGE: 20230607
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ALBURGER GEORGE J JR
CENTRAL INDEX KEY: 0001248361
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06300
FILM NUMBER: 23999001
MAIL ADDRESS:
STREET 1: C/O LIBERTY PROPERTY TRUST
STREET 2: 65 VALLEY STREAM PARKWAY
CITY: MALVERN
STATE: PA
ZIP: 19355
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
2023-06-05
0
0000077281
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
PRET
0001248361
ALBURGER GEORGE J JR
C/O PENN. REAL ESTATE INVESTMENT TRUST
2005 MARKET STREET, SUITE 1000
PHILADELPHIA
PA
19103
1
0
0
0
0
Shares of Beneficial Interest, par value $1.00 per share
2023-06-05
4
M
0
17431
A
27606
D
Shares of Beneficial Interest, par value $1.00 per share
2023-06-05
4
D
0
17431
0.5989
D
10175
D
Restricted Share Units
2023-06-05
4
M
0
17431
D
Shares of Beneficial Interest
17431
0
D
Consists of restricted share units ("RSUs") granted under the issuer's Amended and Restated Pennsylvania Real Estate Investment Trust 2018 Equity Incentive Plan. 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 June 5, 2023 for cash. 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 RSU grant consisted of 17,431 RSUs (this reflects the adjusted RSU total following the reverse share split, effective as of June 16, 2022) granted on June 3, 2022, with all RSUs vesting on June 5, 2023 (the first business day after June 3, 2023).
/s/ Lisa M. Most (attorney-in-fact)
2023-06-07