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InvenTrust Properties Corp.

For the period ended Dec 31, 2024. Filed Mar 21, 2025.

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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Dec 31, 2024 · Filed Mar 21, 2025

IVT$31.51-0.6%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

(Rule 14a-101)

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No. )

Filed by the Registrant xFiled by a Party other than the Registrant o

Check the appropriate box:

oPreliminary Proxy Statement
oConfidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
xDefinitive Proxy Statement
oDefinitive Additional Materials
oSoliciting Material under § 240.14a-12

INVENTRUST PROPERTIES CORP.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check all boxes that apply):

xNo fee required.
oFee paid previously with preliminary materials.
oFee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

ANNUAL MEETING OF STOCKHOLDERS & PROXY STATEMENT 2025

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

TO BE HELD ON MAY 6, 2025

Dear Fellow Stockholder:

We are pleased to invite you to attend the Annual Meeting of stockholders of InvenTrust Properties Corp., a Maryland corporation

(“InvenTrust”), on May 6, 2025 at 9:00 a.m. Central Time. Our Annual Meeting will be a “virtual meeting” of stockholders held exclusively

online via live webcast. You will be able to attend the virtual Annual Meeting of stockholders online and submit your questions during the

Annual Meeting by visiting www.virtualshareholdermeeting.com/IVT2025.

We are excited to embrace the latest technology to provide expanded access to and improved communication for our stockholders. We

believe that hosting a virtual meeting will enable greater stockholder attendance, allowing participation from any location around the world

and providing cost savings for our stockholders and InvenTrust.

At our Annual Meeting, we will ask you to consider and vote upon:

  1. A proposal to elect eight directors to serve until the next Annual Meeting of stockholders and until their successors are duly

elected and qualify;

  1. A proposal to ratify the selection of KPMG LLP as our independent registered public accounting firm for the year ending

December 31, 2025;

  1. A proposal to approve, on a non-binding advisory basis, a resolution approving the compensation of our named executive

officers (“say-on-pay”) as described in our proxy materials; and

  1. Any other business that may properly come before the Annual Meeting, including any postponement or adjournment thereof.

If you were a stockholder of record at the close of business on March 3, 2025, your shares may be voted at the Annual Meeting, including

any postponements or adjournments of the Annual Meeting. In order to attend the virtual meeting, you will need your control number that

will be supplied to all stockholders via the proxy card or voting instructions form. If you have any questions regarding the format of the

Annual Meeting, please contact Mr. Dan Lombardo, Vice President of Investor Relations, at dan.lombardo@inventrustproperties.com.

In order to reduce costs and the environmental impact associated with our Annual Meeting, we are primarily furnishing proxy

materials to our stockholders electronically as permitted by the U.S. Securities and Exchange Commission. Unless an election has been

affirmatively made to receive paper copies of the materials by mail, stockholders will receive a Notice of Annual Meeting and Notice of

Internet Availability of Proxy Materials (“Notice”) with instructions for accessing the proxy materials free of charge over the Internet. If you

receive a Notice by mail and would like to receive a printed copy of our proxy materials, you should follow the instructions for requesting

such materials contained in the Notice.

Please promptly submit your proxy by mail, telephone or Internet by following the instructions

provided to ensure that your shares will be represented whether or not you attend the Annual

Meeting. We encourage you to submit your proxy prior to the Annual Meeting to help ensure that

a quorum is present, and our Annual Meeting can proceed.

By order of the Board of Directors,

Christy L. David

Executive Vice President, Chief Operating Officer, General Counsel and Secretary

March 21, 2025

iii

TABLE OF CONTENTS

PROXY MATERIALS & ANNUAL MEETING ....................................................1
Information About the Proxy Materials ..............................................................1
Important Notice Regarding the Availability of Proxy Materials ............................1
Information About the Annual Meeting ..............................................................1
Information About Voting .................................................................................2
Record Holders...............................................................................................2
Beneficial Owners ...........................................................................................2
Information Regarding Tabulation of the Vote ....................................................3
Information About Items to be Voted on and Vote Necessary for Action to be Taken .............................................................3
Quorum Requirement ......................................................................................4
Withhold, Abstentions and Broker Non-Votes ....................................................4
Costs of Soliciting Proxies ...............................................................................4
Other Matters .................................................................................................4
Householding .................................................................................................5
CORPORATE GOVERNANCE PRINCIPLES ...................................................6
Corporate Governance Profile .......................................................................6
Corporate Governance Guidelines .................................................................7
Corporate Culture and Strategy .....................................................................7
Stockholder Engagement .............................................................................8
Corporate Responsibility and Governance .....................................................9
Director Independence .................................................................................10
Board Leadership Structure and Risk Oversight ..............................................10
Policy of Hedging, Pledging and Speculative Transactions ..............................10
Clawback Policy ..........................................................................................11
Equity Award Timing Policies and Practices ...................................................11
Equity Retention Policy .................................................................................11
Communicating with Directors .......................................................................11
Nominating and Corporate Governance Committee ........................................12
Selection of Director Nominees .....................................................................13
Audit Committee ..........................................................................................14
Compensation Committee ............................................................................15
Code of Ethics .............................................................................................16
Insider Trading Compliance Policy .................................................................16
PROPOSAL NO. 1 | ELECTION OF DIRECTORS ............................................17
Board Skills and Experience .........................................................................18
Board Composition ......................................................................................19
Our Board of Directors .................................................................................20
Director Compensation .................................................................................25
Director Compensation Table ........................................................................26
Equity Retention Policy .................................................................................26
Compensation Committee Interlocks and Insider Participation .........................26
Director Meetings Attendance .......................................................................26
COMPENSATION COMMITTEE REPORT .......................................................28
EXECUTIVE COMPENSATION .......................................................................29
Compensation Discussion and Analysis .........................................................29
Our Named Executive Officers ......................................................................29
Executive Summary .....................................................................................31
Funds From Operations ................................................................................32
Compensation Elements ...............................................................................33
Good Governance and Best Practices ...........................................................33
Equity Retention Policy .................................................................................34
Stockholder Interest Alignment ......................................................................34
Determination of Compensation ....................................................................34
Executive Compensation Philosophy and Objectives .......................................35
Elements of Executive Compensation Program ..............................................35
2024 Cash Target Awards and Resulting Awards Earned ................................38
Long-Term Equity-Based Inventive ................................................................38
Restricted Stock Unit Awards ........................................................................38
Performance-Based Restricted Stock Units ....................................................39
Time-Based Restricted Stock Units ...............................................................39
2022 Performance-Based Restricted Stock Unit Vesting ..................................40
Other Elements of Compensation ..................................................................40
Severance and Change in Control-Based Compensation .................................40
Tax and Accounting Considerations ...............................................................41
Fiscal 2025 Compensation Decisions ............................................................42
Executive Compensation Tables ...................................................................43
Grants of Plan-Based Awards in 2024 ...........................................................44
Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table ..............................................................44
Outstanding Equity Awards at 2024 Year-End ................................................45
Stock Vested in 2024 ...................................................................................46
Potential Payments Upon Termination or Change in Control ............................46
RSU Award Agreements ...............................................................................47
Summary of Potential Payments ...................................................................48
CEO Pay Ratio Disclosure ............................................................................49
Pay Versus Performance Disclosure ..............................................................50
Compensation Risk Assessment ...................................................................53
STOCK OWNERSHIP .....................................................................................54
Stock Owned by Certain Beneficial Owners and Management .........................54
CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS .........55
Related Person Transaction Policy and Procedures ........................................55
AUDIT COMMITTEE REPORT ........................................................................56
PROPOSAL NO. 2 | RATIFY APPOINTMENT OF KPMG LLP ...........................57
PROPOSAL NO. 3 | ADVISORY VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION (“SAY-ON-PAY”) .............................59
STOCKHOLDER PROPOSALS ......................................................................60
APPENDIX A | RECONCILIATION OF NON-GAAP FINANCIAL MEASURES .............................................................A1
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