v3.26.3
Stock-Based Compensation
 9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Incentive Award Plan
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 September 30, 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 September 30, 2026, 1,985,651 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
20262025
Volatility21.00%27.00%
Risk free interest rate3.53%4.35%
Dividend Yield3.40%3.30%

The following table summarizes the Company's RSU activity under the Incentive Award Plan during the nine months ended September 30, 2026:
Unvested
Time-Based RSUs		Unvested
Market-Based RSUs		Weighted-Average Grant
Date Price Per Share
Outstanding as of January 1, 2026195,236 1,128,760 $19.12
Shares granted180,124 363,670 $22.27
Shares vested(30,604)(416,550)$17.28
Unearned performance shares— (14,640)$16.53
Outstanding as of September 30, 2026344,756 1,061,240 $20.96
Employee Stock Purchase Plan
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 3,228,922 shares remain available for future issuance as of September 30, 2026.
The following table summarizes the Company's common stock activity under the ESPP:
Nine months ended September 30
20262025
Gross shares purchased21,23424,209
Weighted average discounted issuance price$23.25$20.17
Issuance proceeds$494$488
Stock-Based Compensation Expense
The following table summarizes the Company's stock-based compensation expense:
Three months ended September 30Nine months ended September 30
2026202520262025
Incentive Award Plan, net (a)$2,805 $2,678 $8,358 $8,086 
Employee Stock Purchase Plan (b)31 33 91 109 
Stock-based compensation, net$2,836 $2,711 $8,449 $8,195 
(a)As of September 30, 2026, there was $15,331 of estimated unrecognized compensation expense to be recognized through December 2029.
(b)As of September 30, 2026, there was $94 of estimated unrecognized compensation expense to be recognized through June 2028.