4//SEC Filing
Heath R Fear 4
Accession 0001286043-25-000020
CIK 0001286043other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 5:51 PM ET
Size
12.3 KB
Accession
0001286043-25-000020
Insider Transaction Report
Form 4
Heath R Fear
EVP & Chief Financial Officer
Transactions
- Award
Limited Partnership Units of Kite Realty Group, L.P.
2025-02-18+80,863→ 468,738 total→ Common Shares (80,863 underlying) - Award
Limited Partnership Units of Kite Realty Group, L.P.
2025-02-18+37,467→ 506,205 total→ Common Shares (37,467 underlying) - Award
Limited Partnership Units of Kite Realty Group, L.P.
2025-02-18+17,267→ 523,472 total→ Common Shares (17,267 underlying)
Holdings
- 69,265
Common Shares
Footnotes (5)
- [F1]Common Shares of beneficial interest, par value of $.01 per share are issued upon the redemption of Limited Partnership units ("LP Units") of Kite Realty Group L.P. on a one for one basis. LP Units have no expiration date.
- [F2]Represents LTIP Units (as defined below) earned related to an award previously granted on January 14, 2022 pursuant to the Kite Realty Group Trust 2013 Equity Incentive Plan, as amended (the "Plan"). The numberof earned LTIP Units was based on the achievement of performance criteria as determined by the Compensation Committee of the Issuer's Board of Directors on February 18, 2025 with respect to a performance period commencing on October 23, 2021 and ending on December 31, 2024 (the "Performance Period") and represents the maximum number of LTIP Units eligible to be earned. LTIP Units ("LTIP Units") are a class of LP Units that, if vested, are convertible at the option of the holder, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into an equal number of LP Units.
- [F3]The performance criteria measured the Kite Realty Group's achievement of the following pre-set components over the Performance Period (i) cumulative annualized net operating income for executed new leases, (ii) post-merger cash general and administrative expense synergies, and (iii) same property net operating income margin improvement, and the awards were further subject to adjustment based on absolute TSR performance over the Performance Period.
- [F4]Represents the grant of LTIP Units pursuant to the the Plan. These LTIP Units will vest in equal amounts on 2/18/2026, 2/18/2027, and 2/18/2028, subject to continued service by the reporting person through the applicable vesting date.
- [F5]Represents LTIP Units under the Plan, which were earned based on the achievement of certain performance measures during the three-year performance period ended February 14, 2025.
Documents
Issuer
KITE REALTY GROUP TRUST
CIK 0001286043
Entity typeother
Related Parties
1- filerCIK 0001651096
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 5:51 PM ET
- Size
- 12.3 KB