IVT

#1841
InvenTrust Properties Corp. Common Stock
32.6 3 USD
0.00%
Market Price
Settore: Immobiliare
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
32.49
32.63
Intervallo Annuale
26.83
37.22
Variazione giornaliera
+0.25%
Variazione Mensile
-3.89%
Variazione di 6 mesi
+4.68%
Variazione Annuale
+9.75%
Chiusura Precedente
32.5 5
Open
32.5 1
Minimo
32.4 9
Massimo
32.6 3
Volume
240
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Dividendi Documents

2026

Current report, Q3 FY2026
Inventrust Properties Corp. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
Inventrust Properties Corp. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
Inventrust Properties Corp. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
Inventrust Properties Corp. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Inventrust Properties Corp. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Inventrust Properties Corp. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Inventrust Properties Corp. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Inventrust Properties Corp. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Inventrust Properties Corp. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
Inventrust Properties Corp. quarterly report, Q1 FY2026
10-Q

Inventrust Properties Corp. current report, 09 July 2018

Full document

Business Context and Reporting Period

Company: InvenTrust Properties Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: July 9, 2018
Subject: Adoption of the Executive Severance and Change of Control Plan (Item 5.02).

Key Financial Metrics

This filing does not report operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation arrangements.

Material Changes

On July 9, 2018, the Compensation Committee adopted the Executive Severance and Change of Control Plan. Concurrently, the Company entered into letter agreements with three executives, terminating their previous employment agreements:

  • Thomas McGuinness (President and CEO)
  • Michael Podboy (EVP, CFO, CIO, and Treasurer)
  • Ivy Greaner (EVP and COO)

Plan Details and Management Commentary

The Plan provides severance benefits upon termination without "cause" or for "good reason." Key terms include:

  • Severance Structure: Payments equal to a multiple of annual base salary and target cash bonus, generally paid in 12 monthly installments.
  • Severance Multiples:
    • Thomas McGuinness: 2x (non-change of control) / 3x (change of control).
    • Michael Podboy and Ivy Greaner: 1.5x (non-change of control) / 2.5x (change of control).
  • Change of Control Acceleration: In the event of a qualifying termination within 24 months of a change of control, severance is paid as a single lump sum within 60 days.
  • Healthcare: COBRA premium reimbursement for up to 18 months.
  • Bonus Pro-ration: Eligibility for a pro-rated target annual bonus in the event of a change of control or IPO.
  • Excise Tax: A "best pay cap" reduction applies if it results in a greater net after-tax benefit under Section 4999 of the Internal Revenue Code.
  • Covenants: Executives agreed to indefinite confidentiality, 1-year non-competition, and 3-year non-solicitation covenants post-termination.

Investor Verification Checklist

  • Review the full text of the Executive Severance and Change of Control Plan attached as Exhibit 10.1.
  • Verify the specific definitions of "cause," "good reason," and "change of control" within the Plan.
  • Assess the potential financial impact of the severance multiples on the Company's cash reserves in a hypothetical change of control scenario.
  • Confirm the status of the terminated employment agreements for Messrs. McGuinness and Podboy.

Notizie