X0306 4 2022-03-31 0 0000077281 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST PEI 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 Shares of Beneficial Interest, par value $1.00 per share 2022-03-31 4 M 0 266775 A 1033051 D Shares of Beneficial Interest, par value $1.00 per share 2022-03-31 4 D 0 266775 0.6352 D 766276 D Restricted Share Units 2022-03-31 4 M 0 266775 D Shares of Beneficial Interest 266775 533548 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. 800,323 cash-settled, time-based RSUs 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 2022-04-04