Jamieson David 4
4 · KIMCO REALTY CORP · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Kimco Realty (KIM) COO David Jamieson Receives Award of 31,770 Units
What Happened David Jamieson, Chief Operating Officer of Kimco Realty (KIM), was granted 31,770 long‑term incentive units (profits interest units in the Issuer’s operating partnership) on February 19, 2026. The grant is recorded at $0.00 per unit (transaction code A), i.e., no cash purchase price at grant — this is an equity award/derivative grant rather than an open‑market purchase.
Key Details
- Transaction date: 2026-02-19; Form 4 filed: 2026-02-20 (timely filing).
- Security: 31,770 Long‑Term Incentive Units (profits interest units); reported price $0.00; transaction code A (award/grant).
- Shares/units owned after the transaction: not reported in the excerpt provided.
- Footnote highlights:
- F1: These are profits interest units in Kimco Realty OP, LLC. They may initially mirror common limited partnership units for liquidating distributions and can, upon certain events, achieve full parity with common units and 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 (or distributed as shares per election).
- F2: Units vest in four equal annual installments beginning Feb 13, 2027; vested profits interest units have no expiration date.
- Transaction type: derivative award (not an open‑market buy or sale).
Context This is a standard executive compensation grant — an equity‑linked incentive that provides potential future upside if the profits interest units vest and achieve parity with common units (and are converted/redeemed). The $0.00 grant price reflects the award nature (no cash paid at grant) and does not mean the award has no future value. As with all grants, this does not itself indicate buying or selling sentiment by the insider; it’s a component of compensation and subject to the stated vesting schedule.
Insider Transaction Report
- Award
Long-Term Incentive Units
[F1][F2]2026-02-19+31,770→ 61,650 total→ Common Stock (31,770 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.