Inland Real Estate Income Trust (INRE) reports director stock grant

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Form Type

Rhea-AI Filing Summary

Inland Real Estate Income Trust, Inc. reported that a non-employee director received a grant of 2,368.265 shares of common stock on 12/17/2025 at no cash cost under the company’s Employee and Director Restricted Plan. The grant is compensation for board service rather than an open-market purchase.

After this grant, the director beneficially owns 14,345.771 shares of common stock in direct ownership, including shares previously acquired through the company’s distribution reinvestment plan. The new shares vest in three equal installments of 33-1/3% on December 17, 2026, December 17, 2027, and December 17, 2028, subject to continued service, with full vesting if there is a liquidity event or if the director’s service ends due to death or disability.

Insider Trade Summary

Net Buyer: 2,368.265 shares

Net Buy 1 txn

Insider Daniels Lee A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,368.265	$0.00	$0.00

Holdings After Transaction: Common Stock — 14,345.771 shares (Direct)

Footnotes (2)

F1. Shares of common stock were granted to the reporting person under the Issuer's Employee and Director Restricted Plan. These shares were issued on account of the reporting person's service as a non-employee director of the Issuer and without additional consideration. The shares become vested in equal installments of 33-1/3% on December 17, 2026, December 17, 2027, and December 17, 2028, subject to the reporting person's continued service to the Issuer; provided that 100% of any then unvested shares becomes fully vested upon the consummation of a liquidity event or termination of the reporting person's service to the Issuer by reason of death or disability.
F2. Includes shares of common stock previously acquired through the Issuer's distribution reinvestment plan (DRP).

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/18/2025 - 02:12 PM

FAQ

What insider transaction did Inland Real Estate Income Trust (INRE) disclose?

A non-employee director received a grant of 2,368.265 shares of Inland Real Estate Income Trust common stock on 12/17/2025 at a price of $0 per share as equity compensation under the company’s Employee and Director Restricted Plan.

How many Inland Real Estate Income Trust (INRE) shares does the director own after this grant?

Following the reported grant, the director beneficially owns 14,345.771 shares of Inland Real Estate Income Trust common stock in direct ownership, including shares previously acquired through the company’s distribution reinvestment plan.

How do the granted INRE shares vest for the non-employee director?

The 2,368.265 granted shares vest in three equal installments of 33-1/3% on December 17, 2026, December 17, 2027, and December 17, 2028, subject to the director’s continued service to Inland Real Estate Income Trust.

What events can accelerate vesting of the INRE director stock grant?

Any then-unvested shares become fully vested if there is a liquidity event for Inland Real Estate Income Trust or if the director’s service ends due to death or disability.

Are any derivative securities reported in this INRE insider filing?

No derivative securities such as options, warrants, or convertible instruments were reported as acquired, disposed of, or beneficially owned in the derivative securities table for this transaction.

Is the director’s INRE ownership direct or indirect?

The filing states that following the transaction, the director’s 14,345.771 shares of Inland Real Estate Income Trust common stock are held in direct ownership.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Daniels Lee A

(Last)

(First)

(Middle)

2901 BUTTERFIELD ROAD

(Street)

OAK BROOK

60523

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Inland Real Estate Income Trust, Inc. [ N/A ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/17/2025		A		2,368.265⁽¹⁾	A	$0	14,345.771⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares of common stock were granted to the reporting person under the Issuer's Employee and Director Restricted Plan. These shares were issued on account of the reporting person's service as a non-employee director of the Issuer and without additional consideration. The shares become vested in equal installments of 33-1/3% on December 17, 2026, December 17, 2027, and December 17, 2028, subject to the reporting person's continued service to the Issuer; provided that 100% of any then unvested shares becomes fully vested upon the consummation of a liquidity event or termination of the reporting person's service to the Issuer by reason of death or disability.

2. Includes shares of common stock previously acquired through the Issuer's distribution reinvestment plan (DRP).

	Cathleen M. Hrtanek, Attorney-in-Fact	12/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR