Preusse Mary Hogan 4
4 · KIMCO REALTY CORP · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Kimco Realty (KIM) Director Mary Hogan Preusse Receives Award
What Happened
Mary Hogan Preusse, a director of Kimco Realty Corp. (KIM), was granted 7,720 Long-Term Incentive Units (reported as a derivative award) on February 19, 2026. The award was recorded at $0.00 cash cost (grant/award, transaction code A). This was a compensation/award grant rather than a market purchase or sale.
Key Details
- Transaction date: 2026-02-19 (Form 4 filed 2026-02-20).
- Transaction type/code: Grant/Award of derivative units (Code A).
- Quantity: 7,720 Long-Term Incentive Units (profits interest units).
- Price paid: $0.00 (no cash paid).
- Shares/units owned after transaction: Not specified in the filing.
- Vesting/terms (from footnotes): units vest in four equal annual installments beginning February 13, 2027; vested profits interest units have no expiration and may convert 1-for-1 into common partnership units if/when they achieve full parity. Common units are redeemable for cash based on the fair market value of an equivalent number of Kimco common shares (or similar distributions at the partnership/issuer election).
- Filing timeliness: Filed the next day (appears timely).
Context
These Long-Term Incentive Units are profits interest units in Kimco’s operating partnership — a form of equity compensation for alignment with the company’s long-term performance. Because this is an award (not a cash purchase or sale), it is a routine compensation event for insiders and does not by itself indicate buying or selling sentiment.
Insider Transaction Report
- Award
Long-Term Incentive Units
[F1][F2]2026-02-19+7,720→ 25,430 total→ Common Stock (7,720 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.