Ned Brines (NYSE: IRT) adds Independence Realty shares via award and DRIP

Q: What did Ned Brines report in this Form 4 for INDEPENDENCE REALTY TRUST (IRT)?

Ned Brines reported acquiring common stock of Independence Realty Trust. The largest transaction was a 6,197-share stock award on May 13, 2026, alongside several small dividend reinvestment purchases in both direct and SEP IRA accounts, with no share sales disclosed.

Q: How many Independence Realty Trust (IRT) shares did Ned Brines receive as a stock award?

He received 6,197 shares of common stock as a stock award. This zero-price grant on May 13, 2026 increased his directly held position, bringing his reported direct ownership to 63,921 shares after the transaction, according to the filing data provided.

Q: Were Ned Brines’ recent IRT stock transactions open-market buys or dividend reinvestments?

The filing states these were dividend reinvestment shares acquired through a DRIP maintained with a broker. Transactions coded under Rule 16a-6 reflect small acquisitions linked to dividend reinvestment rather than discretionary open-market purchases of Independence Realty Trust stock.

Q: Does the Form 4 for IRT show any stock sales by director Ned Brines?

The data shows no reported sales or dispositions of Independence Realty Trust shares. All listed transactions are acquisitions, including the 6,197-share stock award and several small dividend reinvestment purchases in both direct and SEP IRA holdings over multiple dates.

Q: What is the significance of the Rule 16a-6 code in Ned Brines’ IRT Form 4?

Rule 16a-6 transactions are classified as small acquisitions . In this Form 4, they correspond to minor additions of Independence Realty Trust shares, many tied to dividend reinvestment, indicating routine incremental increases in holdings rather than large, discretionary market purchases or sales.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

INDEPENDENCE REALTY TRUST, INC. director Ned Brines reported multiple acquisitions of common stock. The largest was a grant of 6,197 shares on May 13, 2026, received at no cost as a stock award, lifting his direct holdings to 63,921 shares.

Earlier transactions show small additional acquisitions coded under Rule 16a-6, including direct and SEP IRA accounts. A footnote explains these represent dividend reinvestment shares acquired through a DRIP maintained with a broker, indicating routine reinvestment of dividends rather than open-market buying. No sales or dispositions were reported.

Insider Trade Summary

9 transactions reported

Mixed 9 txns

Insider Brines Ned

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	6,197	$0.00	--
L	Common Stock	16	$16.08	$257.28
L	Common Stock	604	$16.08	$10K
L	Common Stock	15	$16.76	$251.40
L	Common Stock	574	$16.76	$10K
L	Common Stock	16	$16.32	$261.12
L	Common Stock	583	$16.32	$10K
L	Common Stock	15	$17.30	$259.50
L	Common Stock	545	$17.30	$9K

Holdings After Transaction: Common Stock — 63,921 shares (Direct, null); Common Stock — 1,538 shares (Indirect, by SEP IRA)

Footnotes (1)

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Key Figures

Stock award: 6,197 shares Direct holdings after award: 63,921 shares Dividend reinvestment buy: 604 shares +5 more

8 metrics

Stock award 6,197 shares Common Stock grant on May 13, 2026 at $0.0000

Direct holdings after award 63,921 shares Common Stock directly owned following May 13, 2026 grant

Dividend reinvestment buy 604 shares Direct small acquisition on April 17, 2026 at $16.08

Direct holdings after April 17, 2026 57,725 shares Common Stock directly owned after 604-share DRIP acquisition

Indirect SEP IRA holdings after April 17, 2026 1,538 shares Common Stock held indirectly by SEP IRA

Dividend reinvestment buy 574 shares Direct small acquisition on January 23, 2026 at $16.76

Dividend reinvestment buy 583 shares Direct small acquisition on October 24, 2025 at $16.32

Dividend reinvestment buy 545 shares Direct small acquisition on July 18, 2025 at $17.30

Key Terms

DRIP, dividend reinvestment, Rule 16a-6, SEP IRA, +1 more

5 terms

DRIP financial

"Represents dividend reinvestment shares acquired through a DRIP maintained with a broker."

A DRIP (dividend reinvestment plan) automatically uses cash dividends to buy additional shares of the same company instead of paying the money to the investor. Like using spare change from each paycheck to buy more of something you already own, a DRIP helps holdings grow over time through compounding without requiring the investor to decide each time, which can boost long‑term returns but reduce short‑term cash income.

dividend reinvestment financial

"Represents dividend reinvestment shares acquired through a DRIP maintained with a broker."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

Rule 16a-6 regulatory

"Small acquisition under Rule 16a-6"

SEP IRA financial

"nature_of_ownership": "by SEP IRA""

stock award financial

"transaction_code_description": "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

05/15/2026 - 05:30 PM

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^*

Brines Ned

(Last)

(First)

(Middle)

1835 MARKET STREET

SUITE 2601

(Street)

PHILADELPHIA

PENNSYLVANIA

19103

(City)

(State)

(Zip)

UNITED STATES

(Country)

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
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

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

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

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

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	07/18/2025⁽¹⁾		L		15	A	$17.3	1,491	I	by SEP IRA
Common Stock	07/18/2025⁽¹⁾		L		545	A	$17.3	55,964	D
Common Stock	10/24/2025⁽¹⁾		L		16	A	$16.32	1,507	I	by SEP IRA
Common Stock	10/24/2025⁽¹⁾		L		583	A	$16.32	56,547	D
Common Stock	01/23/2026⁽¹⁾		L		15	A	$16.76	1,522	I	by SEP IRA
Common Stock	01/23/2026⁽¹⁾		L		574	A	$16.76	57,121	D
Common Stock	04/17/2026⁽¹⁾		L		16	A	$16.08	1,538	I	by SEP IRA
Common Stock	04/17/2026⁽¹⁾		L		604	A	$16.08	57,725	D
Common Stock	05/13/2026		A		6,197	A	$0	63,921	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. Represents dividend reinvestment shares acquired through a DRIP maintained with a broker.

	/s/ James J. Sebra, attorney-in-fact	05/15/2026
	** 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).
** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Ned Brines report in this Form 4 for INDEPENDENCE REALTY TRUST (IRT)?

Ned Brines reported acquiring common stock of Independence Realty Trust. The largest transaction was a 6,197-share stock award on May 13, 2026, alongside several small dividend reinvestment purchases in both direct and SEP IRA accounts, with no share sales disclosed.

How many Independence Realty Trust (IRT) shares did Ned Brines receive as a stock award?

He received 6,197 shares of common stock as a stock award. This zero-price grant on May 13, 2026 increased his directly held position, bringing his reported direct ownership to 63,921 shares after the transaction, according to the filing data provided.

Were Ned Brines’ recent IRT stock transactions open-market buys or dividend reinvestments?

The filing states these were dividend reinvestment shares acquired through a DRIP maintained with a broker. Transactions coded under Rule 16a-6 reflect small acquisitions linked to dividend reinvestment rather than discretionary open-market purchases of Independence Realty Trust stock.

Does the Form 4 for IRT show any stock sales by director Ned Brines?

The data shows no reported sales or dispositions of Independence Realty Trust shares. All listed transactions are acquisitions, including the 6,197-share stock award and several small dividend reinvestment purchases in both direct and SEP IRA holdings over multiple dates.

How many IRT shares does Ned Brines hold directly after these transactions?

After the most recent acquisition, Ned Brines directly holds 63,921 shares of Independence Realty Trust common stock. The filing also reports 1,538 shares held indirectly through a SEP IRA, reflecting ongoing accumulation via stock awards and dividend reinvestment.

What is the significance of the Rule 16a-6 code in Ned Brines’ IRT Form 4?

Rule 16a-6 transactions are classified as small acquisitions. In this Form 4, they correspond to minor additions of Independence Realty Trust shares, many tied to dividend reinvestment, indicating routine incremental increases in holdings rather than large, discretionary market purchases or sales.