Director at Kimco Realty (NYSE: KIM) awarded 7,720 Long-Term Incentive Units

Rhea-AI Filing Summary

Kimco Realty Corp director Richard B. Saltzman received an equity award of 7,720 Long-Term Incentive Units on February 19, 2026. These derivative units were granted at a price of $0.0000 per unit, bringing his directly held total to 25,430 units.

The units are profits interest units in Kimco Realty OP, LLC that can, after meeting specified conditions, reach full parity with common limited partnership units and be converted 1-for-1 into Common Units. Vested Common Units are redeemable for cash based on the fair market value of an equivalent number of Kimco common shares or, at the issuer’s election, shares of common stock. The award vests in four equal annual installments beginning on February 13, 2027, and vested units have no expiration date.

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^*

SALTZMAN RICHARD B

(Last) (First) (Middle)

C/O KIMCO REALTY CORP.

500 NORTH BROADWAY

(Street)

JERICHO NY 11753

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KIMCO REALTY CORP [ KIM ]

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)
02/19/2026

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

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
Long-Term Incentive Units(1)	(1)	02/19/2026		A		7,720		(2)	(2)	Common Stock	7,720	$0	25,430	D

Explanation of Responses:

1. Long-Term Incentive Units are profits interest units in Kimco Realty OP, LLC ("Operating Partnership"), of which the Issuer is the general partner. Profits interest units may initially have full parity with common limited partnership units of Operating Partnership ("Common Units") with respect to liquidating distributions, however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes. Vested profits interest units that have achieved full parity with Commons Units may be converted into an equal number of Common Units for a 1-to-1 basis at any time. Common Units are redeemable for cash based on the FMV of an equivalent number of shares of common stock of the Issuer, or, at the election of distribution of similar events.

2. The units will vest in four equal annual installments beginning on February 13, 2027. The Vested profits interest units have no expiration date.

	/s/ Paul Westbrook, attorney-in-fact	02/20/2026
	** 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.
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FAQ

What equity award did KIM director Richard B. Saltzman receive in this Form 4?

Richard B. Saltzman received a grant of 7,720 Long-Term Incentive Units. These are profits interest units in Kimco Realty OP, LLC, granted at a price of $0.0000 per unit, increasing his directly held balance to 25,430 units after the transaction.

How do Kimco Realty (KIM) Long-Term Incentive Units work for directors?

Long-Term Incentive Units are profits interest units in Kimco Realty OP, LLC that may reach full parity with Common Units. Once vested and at parity, they can be converted 1-for-1 into Common Units, which are redeemable for cash or Kimco common stock equivalents, at the issuer’s election.

What is the vesting schedule for Richard Saltzman’s 7,720 Long-Term Incentive Units at KIM?

The 7,720 Long-Term Incentive Units vest in four equal annual installments. Vesting begins on February 13, 2027, meaning one-quarter of the units vests on that date and additional equal portions vest annually in subsequent years, with vested units having no expiration date.

Can the Long-Term Incentive Units reported by KIM director Saltzman expire?

The filing states that vested profits interest units have no expiration date. Once the Long-Term Incentive Units vest according to the four-year schedule starting February 13, 2027, those vested units will remain outstanding without a stated end date, subject to plan terms.

How can Kimco Realty (KIM) Long-Term Incentive Units be settled once vested and converted?

After achieving full parity and being converted into Common Units, they are redeemable for cash based on the fair market value of an equivalent number of Kimco common shares. Alternatively, at the issuer’s election, they may be settled in shares of Kimco common stock instead of cash.

What is Richard Saltzman’s total Long-Term Incentive Unit holding at KIM after this grant?

Following the grant of 7,720 Long-Term Incentive Units, Richard B. Saltzman holds 25,430 such units directly. This total reflects his aggregate Long-Term Incentive Unit balance immediately after the reported acquisition transaction on February 19, 2026, as disclosed in the Form 4.