Heath R Fear 4

What Happened
Heath R Fear, Chief Financial Officer of Kite Realty Group Trust (KRG), was granted a total of 76,772 LTIP units on Feb 19, 2026 (42,807 and 33,965 units in two entries). The awards are reported as derivative grants at $0.00 per unit (no cash paid). One grant vests in equal annual installments on Feb 19, 2027, 2028 and 2029; the other award was earned based on performance for the three‑year period ended Feb 13, 2026, per the filing footnotes.

Key Details

• Transaction date(s): 2026-02-19; Filing date: 2026-02-23 (filed on the required second business day, timely).
• Price reported: $0.00 per unit (derivative LTIP units — not an open‑market purchase).
• Total units granted: 42,807 + 33,965 = 76,772 LTIP units.
• Shares owned after transaction: Not stated in the excerpt of the filing provided.
• Relevant footnotes:
  • LTIP Units are a class of LP Units convertible into LP Units (and Common Shares issued upon redemption/tender of LP Units on a one‑for‑one basis).
  • One grant vests equally over 2027–2029 (time‑based); the other was performance‑earned for the three‑year performance period ended Feb 13, 2026.
• Transaction code: A = Award/Grant (derivative award).

Context
LTIP units are compensation awards (derivative interests) that may convert into partnership units and ultimately common shares under conversion/redemption rules; they are non‑cash grants and are routine parts of executive pay. These awards do not represent an open‑market purchase or sale and should be interpreted as compensation rather than an immediate buy/sell signal.