Director at Kimco Realty (NYSE: KIM) awarded 7,720 Long-Term Incentive Units
Rhea-AI Filing Summary
KIMCO REALTY CORP director Mary Hogan Preusse received an equity-based award of 7,720 Long-Term Incentive Units on February 19, 2026. These units were granted at a price of $0.00 per unit, bringing her total directly held Long-Term Incentive Units to 25,430 after the transaction.
Long-Term Incentive Units are profits interest units in Kimco Realty OP, LLC that may, upon specified events, reach full parity with common limited partnership units for distributions and other rights. Once vested and at full parity, they can be converted on a 1-to-1 basis into Common Units, which 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 awarded units vest in four equal annual installments beginning on February 13, 2027, and vested profits interest units have no expiration date.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Long-Term Incentive Units | 7,720 | $0.00 | -- |
Footnotes (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. The units will vest in four equal annual installments beginning on February 13, 2027. The Vested profits interest units have no expiration date.