12 unchanged sentences
During the year ended December 31, 2024, 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") and the purchase of shares of common stock at a discount under the Employee Stock Purchase Plan (the "ESPP").
+Added: 2015 Incentive Award Plan, as amended (the "Incentive Award Plan"), and the purchase of shares of common stock at a discount under the InvenTrust Properties Corp.
+Added: 2023 Employee Stock Purchase Plan (the "ESPP").
The following table summarizes all share repurchases during the fourth quarter of 2024:
7 unchanged sentences
December 1 - December 31, 2024 46,630 $29.71 — $150,000
−Removed: (a) Consists of shares of common stock surrendered to the Company to satisfy tax withholding obligations.
+Added: (a) Consists of shares of common stock surrendered to the Company to satisfy tax withholding obligations associated with the vesting of restricted stock unit awards under our Incentive Award Plan.
Distributions
−Removed: We have been paying cash distributions since October 2005.
+Added: We have paid cash distributions since October 2005.
Our quarterly distributions are paid one quarter in arrears.
1 unchanged sentence
We currently have capacity and intend to continue to pay a quarterly distribution, subject to Board approval.
−Removed: 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: During the year ended December 31, 2024, we declared and paid cash distributions of $65.7 million and $62.8 million, respectively.
+Added: During the year ended December 31, 2023, we declared and paid cash distributions of $58.2 million and $57.5 million, respectively.
For the distribution of $0.2155 declared on December 28, 2023 and paid on January 15, 2024, $0.1125 of the distribution is reported for the tax year 2024 and included in the tax characterization percentages in the table below.
+Added: The December 2024 distribution declared, with a record date of December 30, 2024 and payment date of January 15, 2025, will be reported in 2025, and is not reflected in the 2024 tax allocation.
The tax characterization of our distributions declared for the years ended December 31, 2024 and 2023 was as follows:
+Added: Year ended December 31
Common Stock:
−Removed: Ordinary distribution 78.50% 93.20%
+Added: Ordinary distributions 95.55% 78.50%
Other forms of distributions 4.45% —%
−Removed: Capital gain distributions (a) 21.50% —%
+Added: Capital gain distributions —% 21.50%
Total distributions per share of common stock 100.00% 100.00%
−Removed: (a) Of the Total Capital Gain Distribution, 0% is excluded under Reg.
−Removed: 1.1061-4(b)(7).
−Removed: The remaining 100% is a Three Year Amount under Reg.
Stock Performance Graph
The following performance graph and related information shall not be deemed “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing, or otherwise subject to the liabilities under the Securities Act or Exchange Act, except to the extent that we specifically incorporate it by reference into such filing.
−Removed: The following graph depicts the total cumulative stockholder return of the Company’s common stock from October 12, 2021, the first day of trading of our common stock on the NYSE, through December 31, 2023, relative to the performance of the FTSE National Association of Real Estate Investment Trusts Equity REITs Index (the "FTSE NAREIT Equity Index"), the FTSE National Association of Real Estate Investment Trusts Equity Shopping Centers Index (the "FTSE NAREIT Shopping Centers Index"), and the Standard and Poor’s 500 Stock Index (S&P 500 Index).
+Added: The following graph depicts the total cumulative stockholder return of our common stock from October 12, 2021, the first day of trading of our common stock on the NYSE, through December 31, 2024, relative to the performance of the FTSE National Association of Real Estate Investment Trusts Equity REITs Index (the "FTSE Nareit Equity Index"), the FTSE National Association of Real Estate Investment Trusts Equity Shopping Centers Index (the "FTSE Nareit Shopping Centers Index"), and the Standard and Poor’s 500 Stock Index (S&P 500 Index).
The graph assumes an initial investment of $ 100.00 at the first NYSE trade price of $23.61 on October 12, 2021 and that all dividends paid by companies included in these indices have been rei nvested.
7 unchanged sentences
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.