Independence Realty Trust (NYSE: IRT) CEO forfeits shares for taxes

Rhea-AI Filing Summary

Independence Realty Trust CEO Scott Schaeffer disposed of 14,864 shares of common stock at $16.57 per share through a tax-withholding forfeiture related to vesting stock. Following this transaction, he directly owns 1,000,879 common shares.

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

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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^*

SCHAEFFER SCOTT

(Last) (First) (Middle)

1835 MARKET STREET

SUITE 2601

(Street)

PHILADELPHIA PA 19103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
INDEPENDENCE REALTY TRUST, INC. [ IRT ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chair Board and CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common stock	03/01/2026		F(1)		14,864	D	$16.57	1,000,879	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This forfeiture was undertaken solely to satisfy a tax withholding liability related to the vesting of stock held by the reporting person.

	/s/ James J. Sebra, attorney-in-fact	03/03/2026
	** 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).
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FAQ

What insider transaction did IRT CEO Scott Schaeffer report on this Form 4?

Scott Schaeffer reported a tax-withholding disposition of 14,864 shares of Independence Realty Trust common stock. The shares were forfeited to cover taxes due on the vesting of previously granted stock, rather than sold in an open-market transaction.

How many Independence Realty Trust (IRT) shares did the CEO dispose of and at what price?

Scott Schaeffer disposed of 14,864 common shares of IRT at a reference price of $16.57 per share. The filing classifies this as a tax-withholding forfeiture connected to vesting stock, not a discretionary sale into the market.

How many Independence Realty Trust (IRT) shares does the CEO hold after this transaction?

After the reported tax-withholding forfeiture, Scott Schaeffer directly holds 1,000,879 shares of Independence Realty Trust common stock. This post-transaction ownership figure reflects his remaining direct stake following the shares surrendered for tax obligations.

Was the IRT CEO’s Form 4 transaction an open-market sale of shares?

No, the transaction was a forfeiture to satisfy tax withholding tied to vesting stock, not an open-market sale. The filing notes the shares were surrendered solely to cover tax liabilities associated with equity compensation vesting.

What does transaction code F mean in the IRT CEO’s Form 4 filing?

Transaction code F indicates a disposition of shares to pay an exercise price or tax liability. In this case, Scott Schaeffer forfeited shares to satisfy tax withholding related to vesting stock, rather than selling shares voluntarily on the open market.