Flynn Conor C 4

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.