10 unchanged sentences
As of December 31, 2023, no common stock has been repurchased under the SRP.
+Added: Stock-Based Compensation Plans
During the year ended December 31, 2023, certain of the Company's employees surrendered shares of common stock to satisfy tax withholding obligations associated with the vesting of shares of common stock issued under the InvenTrust Properties Corp.
−Removed: 2015 Incentive Award Plan ("Incentive Award Plan").
−Removed: The following is a summary of all share repurchases during the fourth quarter of 2022:
+Added: 2015 Incentive Award Plan ("Incentive Award Plan") and the purchase of shares of common stock at a discount under the Employee Stock Purchase Plan (the "ESPP").
+Added: The following table summarizes all share repurchases during the fourth quarter of 2023:
Period Total No.
6 unchanged sentences
December 1 - December 31, 2023 39,901 $ 25.73 — $ 150,000
−Removed: (a) Consists of shares of common stock surrendered to the Company to satisfy tax withholding obligations associated with the vesting of restricted stock units.
+Added: (a) Consists of shares of common stock surrendered to the Company to satisfy tax withholding obligations.
Distributions
3 unchanged sentences
We currently have capacity and intend to continue to pay a quarterly distribution, subject to Board approval.
−Removed: During the year ended December 31, 2022, we paid cash distributions of $55.3 million.
−Removed: For income tax purposes only, approximately 93.2% of the distributions paid in 2022 will be treated as ordinary dividends and approximately 6.8% will be treated as other forms of distributions.
−Removed: The December 2022 dividend declared, with a record date of December 29, 2022 and payment date of January 13, 2023, will be reported in 2023, and is not reflected in the 2022 tax allocation.
−Removed: The following table denotes the allocation of our distributions paid in 2022 for income tax purposes only.
−Removed: Record Date Distributions Payable Date Total Distribution
−Removed: per Share Ordinary Dividend
−Removed: Per Share Return of Capital
−Removed: Per Share Qualified Dividend
−Removed: Per Share Sec.
−Removed: 199A Dividend
−Removed: Per Share Sec.
−Removed: Dividend Per Share
−Removed: 12/30/2021 1/14/2022 $ 0.205200 $ 0.191321 $ 0.013879 $ — $ 0.191321 $ 0.006489
−Removed: 3/31/2022 4/15/2022 0.205200 0.191321 0.013879 — 0.191321 0.006489
−Removed: 6/30/2022 7/15/2022 0.205200 0.191321 0.013879 — 0.191321 0.006489
−Removed: 9/30/2022 10/14/2022 0.205200 0.191321 0.013879 — 0.191321 0.006489
−Removed: $ 0.820800 $ 0.765284 $ 0.055516 $ — $ 0.765284 $ 0.025956
−Removed: During the year ended December 31, 2021, we paid cash distributions of $55.6 million.
−Removed: For income tax purposes only, approximately 71.34% of the distributions paid in 2021 will be treated as ordinary dividends and approximately 28.66% will be treated as other forms of distributions.
−Removed: The December 2021 dividend declared, with a record date of December 30, 2021 and payment date of January 14, 2022, will be reported in 2022, and is not reflected in the 2021 tax allocation.
−Removed: The following table denotes the allocation of our distributions paid in 2021 for income tax purposes only.
−Removed: Record Date Distributions Payable Date Total Distribution
−Removed: per Share Ordinary Dividend
−Removed: Per Share Return of Capital
−Removed: Per Share Qualified Dividend
−Removed: Per Share Sec.
−Removed: 199A Dividend
−Removed: Per Share Sec.
−Removed: Dividend Per Share
−Removed: 12/30/2020 1/15/2021 $ 0.018975 $ 0.013537 $ 0.005438 $ — $ 0.013537 $ 0.000336
−Removed: 3/31/2021 4/15/2021 0.019550 0.013948 0.005602 — 0.013948 0.000347
−Removed: 6/30/2021 7/15/2021 0.019550 0.013948 0.005602 — 0.013948 0.000347
−Removed: 9/30/2021 10/7/2021 0.195500 0.139477 0.056023 — 0.139477 0.003465
−Removed: $ 0.253575 $ 0.180910 $ 0.072665 $ — $ 0.180910 $ 0.004495
+Added: During the year ended December 31, 2023 and 2022, we declared and paid cash distributions of $57.5 million and $55.3 million respectively.
+Added: For the distribution of $0.2155 declared on December 28, 2023 and paid on January 15, 2024, $0.1030 of the distribution is reported for the tax year 2023 and included in the tax characterization percentages in the table below.
+Added: The tax characterization of our distributions declared for the years ended December 31, 2023 and 2022 was as follows:
+Added: Common Stock:
+Added: Ordinary distribution 78.50% 93.20%
+Added: Other forms of distributions —% 6.80%
+Added: Capital gain distributions (a) 21.50% —%
+Added: Total distributions per share of common stock 100.00% 100.00%
+Added: (a) Of the Total Capital Gain Distribution, 0% is excluded under Reg.
+Added: 1.1061-4(b)(7).
+Added: The remaining 100% is a Three Year Amount under Reg.
Stock Performance Graph
5 unchanged sentences
IVT $100.00 $116.32 $104.34 $115.87
−Removed: FSTE NAREIT Equity Index 100.00 112.75 108.36 89.98 81.03 85.28
−Removed: FSTE NAREIT Shopping Centers Index 100.00 107.87 106.96 87.60 80.18 94.34
+Added: FTSE NAREIT Equity Index 100.00 112.75 85.28 96.99
+Added: FTSE NAREIT Shopping Centers Index 100.00 107.87 94.34 105.70
S&P 500 Index 100.00 109.88 89.98 113.63
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.