Kimco CEO granted 285,880 incentive units

Kimco Realty Corp reported that Chief Executive Officer Conor C. Flynn received an equity award of 285,880 Long-Term Incentive Units on February 19, 2026.

Rhea-AI Filing Summary

Kimco Realty Corp reported that Chief Executive Officer Conor C. Flynn received an equity award of 285,880 Long-Term Incentive Units on February 19, 2026. These units are profits interest units in Kimco Realty OP, LLC that can reach parity with common partnership units and later be converted 1-for-1 into Common Units. The award vests in four equal annual installments beginning on February 13, 2027, and the vested units have no expiration date, providing the CEO with long-term, performance-linked exposure to the company’s value.

Insider Trade Summary

Grant/Award: 285,880 shares

Grant/Award 1 txn

Insider Flynn Conor C

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Long-Term Incentive Units	285,880	$0.00	$0.00

Holdings After Transaction: Long-Term Incentive Units — 703,340 contracts (Direct)

Footnotes (2)

1. F1. 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. F2. The units will vest in four equal annual installments beginning on February 13, 2027. The Vested profits interest units have no expiration date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Kimco Realty (KIM) CEO Conor Flynn report on this Form 4?

Kimco Realty CEO Conor Flynn reported receiving 285,880 Long-Term Incentive Units as an equity award. These derivative units were granted at a price of $0.0000 per unit and increase his directly held incentive-based interests in the company’s operating partnership.

What are the Long-Term Incentive Units granted to Kimco’s CEO?

The Long-Term Incentive Units are profits interest units in Kimco Realty OP, LLC. They may reach full parity with common partnership units and, once vested and in parity, can be converted into an equal number of Common Units on a 1-to-1 basis.

How many Long-Term Incentive Units did Kimco’s CEO acquire in this award?

Conor Flynn acquired 285,880 Long-Term Incentive Units in this grant. After the transaction, his total directly held Long-Term Incentive Units increased to 703,340, according to the reported post-transaction holdings in the Form 4 data.

When do the Kimco CEO’s Long-Term Incentive Units vest?

The units vest in four equal annual installments beginning on February 13, 2027. This means the award is structured to vest gradually over four years, aligning the CEO’s long-term incentives with the company’s future performance and value creation.

Do the Long-Term Incentive Units granted to Kimco’s CEO expire?

The filing states that the vested profits interest units have no expiration date. Once vested, these Long-Term Incentive Units remain outstanding and can potentially be converted into Common Units, subject to the terms and conditions described in the award documentation.

Can Kimco’s Long-Term Incentive Units be converted into common equity?

Yes. Vested profits interest units that achieve full parity with Common Units may be converted into an equal number of Common Units on a 1-to-1 basis. Those Common Units are themselves redeemable for cash or, at the issuer’s election, shares of common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/20/2026 - 04:39 PM Learn about SEC filing dates

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^*

Flynn Conor C

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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		285,880		(2)	(2)	Common Stock	285,880	$0	703,340	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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