X0306 4 2021-05-28 0 0000077281 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST PEI 0001033844 PASQUERILLA MARK E C/O PENN. REAL ESTATE INVESTMENT TRUST 2005 MARKET STREET, SUITE 1000 PHILADELPHIA PA 19103 1 0 0 0 Restricted Share Units 0.00 2021-05-28 4 A 0 61845 0.00 A Shares of Beneficial Interest 61845 61845 D The restricted share units ("RSUs") vest on May 28, 2022 ("Vesting Date"). Each RSU represents a contingent right to receive one share of Beneficial Interest, par value $1.00 per share (a "Share"), of the issuer on the Vesting Date. The RSUs may be settled in Shares or in cash in the discretion of the issuer's Compensation Committee. Grant of RSUs for no consideration. /s/ Lisa M. Most (attorney-in-fact) 2021-06-02