COVIELLO PHILIP E JR 4
Research Summary
AI-generated summary
Kimco Realty (KIM) Director Philip Coviello Receives Award
What Happened
Philip E. Coviello Jr., a director of Kimco Realty Corp. (KIM), received an award of 7,720 restricted shares on February 19, 2026. The shares were reported as acquired at $0.00 (total reported acquisition value $0). This was a compensation grant (award), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-19; price: $0.00 per share; shares: 7,720.
- Reported acquisition value: $0 (award of restricted stock).
- Shares owned after the transaction: not disclosed in the available filing.
- Footnote: The shares are restricted stock that vest in four equal annual installments beginning February 13, 2027.
- Filing timeliness: filing date 2026-02-20 for a 2026-02-19 award — no late-filing indication in this report.
Context
Restricted stock awards are a form of compensation that typically vest over time and may be forfeited if service conditions aren’t met; they are not immediate purchases or sales and therefore don’t directly signal an insider buying/selling for market reasons. The $0 acquisition price reflects that these shares were granted as compensation; any tax or reporting implications usually arise as the awards vest.