0000950170-23-039183.txt : 20230807 0000950170-23-039183.hdr.sgml : 20230807 20230807172445 ACCESSION NUMBER: 0000950170-23-039183 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230803 FILED AS OF DATE: 20230807 DATE AS OF CHANGE: 20230807 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hart Kenneth B. CENTRAL INDEX KEY: 0001931128 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06300 FILM NUMBER: 231148601 MAIL ADDRESS: STREET 1: C/O PENN REAL ESTATE TRUST STREET 2: 2005 MARKET STREET, SUITE 1000 CITY: PHILADELPHIA STATE: PA ZIP: 19103 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 ownership.xml 4 X0508 4 2023-08-03 0000077281 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST PRET 0001931128 Hart Kenneth B. C/O PENN. REAL ESTATE INVESTMENT TRUST 2005 MARKET STREET, SUITE 1000 PHILADELPHIA PA 19103 true false false false false Shares of Beneficial Interest, par value $1.00 per share 2023-08-03 4 M false 25300 A 26199 D Shares of Beneficial Interest, par value $1.00 per share 2023-08-03 4 D false 25300 0.5918 D 899 D Shares of Beneficial Interest, par value $1.00 per share 460 I See Footnote Restricted Share Units 2023-08-03 4 M false 25300 D Shares of Beneficial Interest 25300 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 August 3, 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. Owned by the brother of the Reporting Person. The Reporting Person shares dispositive power over such shares. The RSU grant consisted of 25,300 RSUs granted on August 3, 2022, with all RSUs vesting on August 3, 2023. /s/ Kenneth B. Hart 2023-08-07