SALTZMAN RICHARD B 4

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.