Flynn Conor C 4
4 · KIMCO REALTY CORP · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Kimco (KIM) CEO Conor Flynn Receives Award of 285,880 Units
What Happened
Conor C. Flynn, Chief Executive Officer and Director of Kimco Realty Corp (KIM), was granted 285,880 long-term incentive units on February 19, 2026. The award is recorded as a derivative grant at $0.00 (transaction code A), so reported acquisition value is $0. These are profits interest units in Kimco Realty OP, LLC (the Operating Partnership), not direct shares of Kimco common stock.
Key Details
- Transaction date: 2026-02-19 (report filed 2026-02-20). Transaction code: A (award/grant).
- Quantity and price: 285,880 units @ $0.00 (derivative award); reported dollar value $0.
- Vesting: Units vest in four equal annual installments beginning February 13, 2027. Vested units have no expiration.
- Conversion/redeemability: Profits interest units may achieve full parity with Operating Partnership common units and, once vested and pari passu, can be converted 1:1 into common units; common units are redeemable for cash based on the fair market value of an equivalent number of Kimco common shares (see footnote).
- Shares/units owned after transaction: Not specified in the filing.
- Timeliness: Filing was submitted one day after the grant date (appears timely).
Context
This was a compensation award (derivative profits-interest units), not an open-market purchase or sale. Such grants are routine executive compensation and do not, by themselves, indicate a buying or selling signal in the market. The units only deliver economic value over time as they vest and potentially convert into equity/value tied to Kimco’s common stock.
Insider Transaction Report
- Award
Long-Term Incentive Units
[F1][F2]2026-02-19+285,880→ 703,340 total→ Common Stock (285,880 underlying)
Footnotes (2)
- [F1]Long-Term Incentive Units are profits interest units in Kimco Realty OP, LLC ("Operating Partnership"), of which the Issuer is the general partner. Profits interest units may initially have full parity with common limited partnership units of Operating Partnership ("Common Units") with respect to liquidating distributions, however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes. Vested profits interest units that have achieved full parity with Commons Units may be converted into an equal number of Common Units for a 1-to-1 basis at any time. Common Units are redeemable for cash based on the FMV of an equivalent number of shares of common stock of the Issuer, or, at the election of distribution of similar events.
- [F2]The units will vest in four equal annual installments beginning on February 13, 2027. The Vested profits interest units have no expiration date.