SCHAEFFER SCOTT 4

What Happened

• Scott Schaeffer, Chair of the Board and CEO of Independence Realty Trust (IRT), received performance-based share awards that resulted in the issuance of shares on 2026-02-03. The filing shows acquisitions of 147,365 and 44,221 shares (both recorded at $0.00 per share as awards). To cover tax withholding related to the vesting, 28,994 shares were forfeited/retained at $16.26 per share (value approx. $471,442).

Key Details

• Transaction date(s): 2026-02-03 (reported on Form 4 filed 2026-02-05)
• Award entries: 147,365 shares and 44,221 shares acquired (code A, $0.00 per share)
• Tax withholding: 28,994 shares disposed/forfeited to satisfy tax liability (code F) at $16.26 per share (~$471,442)
• Vesting/conditions: Footnote indicates shares relate to performance share units certified 2/3/26; vesting scheduled 50% on 2/3/26 and 50% on 1/1/27
• Reason for forfeiture: Footnote states the forfeiture was solely to satisfy tax withholding on vesting
• Shares owned after transaction: Not specified in the provided filing details
• Timeliness: Transaction date 2/3/26, Form 4 filed 2/5/26 — appears to be timely (filed within the usual two-business-day window)

Context

• These were performance-share awards (not open-market buys or option exercises). The F-code forfeiture is a routine tax-withholding method (similar to a cashless settlement), not an open-market sale that signals directional trading by the insider. The filing documents vesting certification and the scheduled remaining vesting on 1/1/27.