SALTZMAN RICHARD B 4
4 · KIMCO REALTY CORP · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Kimco Director Richard Saltzman Receives 7,720-Unit Award
What Happened
Richard B. Saltzman, 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 grant is reported at $0.00 per unit (code A — award/other acquisition), reflecting issuance of profits interest units rather than an open‑market purchase. No cash was paid in this reported transaction.
Key Details
- Transaction date: 2026-02-19; filing date: 2026-02-20 (Form 4 filed timely).
- Award: 7,720 Long‑Term Incentive Units (profits interest units); reported price: $0.00.
- Shares owned after transaction: not specified in the provided filing.
- Footnote F1: Units are profits interest units in Kimco Realty OP, LLC; they may achieve parity with common limited partnership units and can convert 1:1 to Common Units once parity is achieved; Common Units are redeemable for cash based on FMV or for an equivalent number of KIM shares.
- Footnote F2: Units vest in four equal annual installments beginning February 13, 2027; vested units have no expiration.
Context
This was a compensation award (derivative grant) for a director rather than a market buy or sell. Profits interest units are a form of long‑term incentive tied to the operating partnership; value and convertibility depend on future vesting and specified events. Such grants are routine for equity compensation and do not by themselves indicate immediate buying/selling intent.
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.