Form 4: InvenTrust Properties Corp. Executive Lauren Suva Reports Stock Transactions

EVP Lauren Suva reports acquisition of 4,863 shares and disposal of 2,042 shares of InvenTrust Properties Corp. common stock on March 7, 2025.

Summary

• On March 7, 2025, Lauren Suva, EVP and Chief Administrative Officer of InvenTrust Properties Corp., acquired 4,863 shares of common stock.
• These shares were acquired as a result of the Issuer having met certain performance criteria based on its Total Shareholder Return ('TSR') relative to the FTSE Nareit Equity Shopping Center Index for the performance period from January 1, 2022 and ending on December 31, 2024, pursuant to the reporting person's grant of Performance Shares on February 23, 2022.
• On the same day, Ms. Suva disposed of 2,042 shares of common stock at a price of $29.67 per share.
• This disposal was to satisfy tax withholding obligations related to the vesting of performance-based restricted stock units.
• Following these transactions, Ms. Suva beneficially owns 19,665 shares of InvenTrust Properties Corp. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares based on TSR performance is a positive signal, while the disposal for tax obligations is a routine event.

Positives

• The acquisition of shares indicates that InvenTrust Properties Corp. met its performance targets related to Total Shareholder Return (TSR) compared to the FTSE Nareit Equity Shopping Center Index.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with company performance. The FTSE Nareit Equity Shopping Center Index is a common benchmark for REITs focused on shopping centers, so the use of TSR relative to this index is a relevant performance measure.

Comparison to Industry Standards

• Comparing InvenTrust's TSR performance against the FTSE Nareit Equity Shopping Center Index is a standard practice in the REIT industry.
• Other REITs like Simon Property Group (SPG) and Regency Centers Corporation (REG) also use similar benchmarks to evaluate performance and grant performance-based compensation.
• The specific TSR target and vesting schedule would need to be compared to those of peer companies to assess whether InvenTrust's compensation structure is competitive and aligned with shareholder interests.

Stakeholder Impact

• The acquisition of shares based on TSR performance could positively impact shareholder confidence.
• The disposal of shares for tax obligations has a neutral impact on stakeholders.

Key Dates