The Company grants equity awards under the InvenTrust Properties Corp. 2015 Incentive Award Plan (as amended, the "Incentive Award Plan"). The aggregate number of shares of common stock that may be issued pursuant to awards granted under the Incentive Award Plan (the "Share Limit") is 5,750,000 shares. Any forfeited awards or unearned performance shares subject to an award are added back to the Share Limit.

As of March 31, 2026, outstanding restricted stock unit ("RSU") awards were categorized as either time-based awards or market-based awards, each with tandem dividend equivalents. As of March 31, 2026, 2,016,115 shares were available for future issuance under the Incentive Award Plan, as amended by the Amendments.

Market-based awards are valued as of the grant date utilizing a Monte Carlo simulation model that assesses the probability of satisfying certain market performance thresholds over a three year performance period.

The following table summarizes the Company's significant assumptions used in the Monte Carlo simulation models:


	At Grant Date
	2026	2025
Volatility	21.00%	27.00%
Risk free interest rate	3.53%	4.35%
Dividend Yield	3.40%	3.30%

The following table summarizes the Company's RSU activity under the Incentive Award Plan during the three months ended March 31, 2026:


	Unvested Time- Based RSUs	Unvested Performance and Market-Based RSUs	Weighted-Average Grant Date Price Per Share
Outstanding as of January 1, 2026	195,236	1,128,760	$19.12
Shares granted	149,660	363,670	$21.69
Shares vested	—	(416,550)	$16.53
Unearned performance shares	—	(14,640)	$16.53

Outstanding as of March 31, 2026	344,896	1,061,240	$20.86

Employees may purchase up to an aggregate of 3,300,000 shares of the Company's common stock under the InvenTrust Properties Corp. 2023 Employee Stock Purchase Plan (the "ESPP"), of which 3,242,092 shares remain available for future issuance as of March 31, 2026.

The following table summarizes the Company's common stock activity under the ESPP:


	Three months ended March 31
	2026	2025
Gross shares purchased	8,064	10,412
Weighted average discounted issuance price	$23.18	$20.14
Issuance proceeds	$187	$210


	Three months ended March 31
		2026		2025
Incentive Award Plan, net (a)		$	2,771	$	2,728
Employee Stock Purchase Plan (b)		30		38
Stock-based compensation, net		$	2,801	$	2,766

(a)As of March 31, 2026, there was $19,939 of estimated unrecognized compensation expense to be recognized through December 2029.

(b)As of March 31, 2026, there was $151 of estimated unrecognized compensation expense to be recognized through December 2027.