0000899243-23-010379.txt : 20230404 0000899243-23-010379.hdr.sgml : 20230404 20230404160550 ACCESSION NUMBER: 0000899243-23-010379 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: Aristone Joseph J. CENTRAL INDEX KEY: 0001742240 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06300 FILM NUMBER: 23797325 MAIL ADDRESS: STREET 1: C/O PENN, REAL ESTATE INVESTMENT TRUST STREET 2: THE BELLEVUE, 200 S. BROAD STREET CITY: PHILADELPHIA 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 0001742240 Aristone Joseph J. C/O PENN. REAL ESTATE INVESTMENT TRUST 2005 MARKET STREET, SUITE 1000 PHILADELPHIA PA 19103 0 1 0 0 EVP - Leasing 0 Shares of Beneficial Interest, par value $1.00 per share 2023-03-31 4 M 0 2307 A 9921 D Shares of Beneficial Interest, par value $1.00 per share 2023-03-31 4 D 0 2307 1.08 D 7614 D Restricted Share Units 2023-03-31 4 M 0 2307 D Shares of Beneficial Interest 2307 2307 D Consists of restricted share units ("RSUs") granted pursuant to the issuer's 2021-2023 Equity Award Program (the "2021-2023 Program"). 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 March 31, 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 2021-2023 Program RSU grant consisted of 6,922 RSUs (this reflects the adjusted RSU total following the reverse share split, effective as of June 16, 2022) granted on March 31, 2021, with the RSUs vesting in three equal annual installments beginning on March 31, 2022. /s/ Joseph J. Aristone 2023-04-04