Kite John A 4
4 · KITE REALTY GROUP TRUST · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Kite Realty (KRG) CEO John A. Kite Receives LTIP Award
What Happened
John A. Kite, Chairman & CEO (and a director) of Kite Realty Group Trust (KRG), was granted two LTIP unit awards on February 19, 2026 totaling 249,426 LTIP Units (138,390 and 111,036). Both grants are reported as derivative awards at $0.00 per unit (award code A). Per the filing, one award (138,390 units) vests in three equal annual installments on Feb 19 of 2027, 2028 and 2029 (subject to continued service). The other award (111,036 units) was earned based on achievement of performance measures for the three‑year performance period ended Feb 13, 2026.
Key Details
- Transaction date: Feb 19, 2026; Report filed: Feb 23, 2026 (timely filing).
- Price reported: $0.00 (derivative award, not an open‑market purchase).
- Units granted: 138,390 (time‑vesting) + 111,036 (performance‑earned) = 249,426 LTIP Units.
- Vesting: Time‑vested units vest in equal amounts on 2/19/2027, 2/19/2028 and 2/19/2029; performance units were earned for the prior three‑year period.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: LTIP Units are a class of Limited Partnership Units (LP Units) that, if vested and subject to tax allocation conditions, can be converted into LP Units; Common Shares are issued upon redemption/tender of LP Units on a one‑for‑one basis. LP Units have no expiration date.
- Transaction code: A = Award/Grant (derivative). No sale or purchase reported.
Context
These awards are part of executive compensation (time‑ and performance‑based LTIP units), not an open‑market buy or sale. They do not require an immediate cash outlay by the insider and do not indicate an immediate change in the insider’s cash exposure to the stock; they may result in future issuance/ dilution if converted and redeemed into common shares.
Insider Transaction Report
- Award
Limited Partnership Units of Kite Realty Group, L.P.
[F1][F2]2026-02-19+138,390→ 2,758,960 total→ Common Shares (138,390 underlying) - Award
Limited Partnership Units of Kite Realty Group, L.P.
[F1][F3]2026-02-19+111,036→ 2,869,996 total→ Common Shares (111,036 underlying)
- 54,121
Common Shares
- 2,098(indirect: By Spouse)
Common Shares
Footnotes (3)
- [F1]Common shares of beneficial interest, par value of $0.01 per share (the "Common Shares"), are issued upon the redemption and tender 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 the grant of LTIP Units (as defined below) pursuant to the Kite Realty Group Trust 2013 Equity Incentive Plan, as amended (the "Plan"). These LTIP Units will vest in equal amounts on February 19, 2027, February 19, 2028, and February 19, 2029, subject to continued service by the reporting person through the applicable vesting date. 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]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 13, 2026.