Kite Realty (NYSE: KRG) CEO awarded 249,426 LTIP Units vesting through 2029

Rhea-AI Filing Summary

Kite John A reported acquisition or exercise transactions in this Form 4 filing.

Kite Realty Group Trust Chairman & CEO John A. Kite reported awards of Limited Partnership Units of Kite Realty Group, L.P. These include 138,390 LTIP Units and 111,036 LTIP Units granted at $0.00 per unit. The LTIP Units vest in three equal installments on February 19, 2027, February 19, 2028, and February 19, 2029, subject to continued service and, for certain units, prior performance conditions. Common share holdings after these transactions total 54,121 shares held directly and 2,098 shares held indirectly by spouse.

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^*

Kite John A

(Last) (First) (Middle)

KITE REALTY GROUP TRUST

30 S MERIDIAN STREET, SUITE 1100

(Street)

INDIANAPOLIS IN 46204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KITE REALTY GROUP TRUST [ KRG ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

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
Common Shares								54,121	D
Common Shares								2,098	I	By Spouse

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
Limited Partnership Units of Kite Realty Group, L.P.	(1)	02/19/2026		A		138,390(2)		(1)	(1)	Common Shares	138,390	$0	2,758,960	D
Limited Partnership Units of Kite Realty Group, L.P.	(1)	02/19/2026		A		111,036(3)		(1)	(1)	Common Shares	111,036	$0	2,869,996	D

Explanation of Responses:

1. Common shares of beneficial interest, par value of $0.01 per share (the "Common Shares"), are issued upon the redemption and tender of Limited Partnership Units ("LP Units") of Kite Realty Group, L.P. on a one-for-one basis. LP Units have no expiration date.

2. Represents the grant of LTIP Units (as defined below) pursuant to the Kite Realty Group Trust 2013 Equity Incentive Plan, as amended (the "Plan"). These LTIP Units will vest in equal amounts on February 19, 2027, February 19, 2028, and February 19, 2029, subject to continued service by the reporting person through the applicable vesting date. LTIP Units ("LTIP Units") are a class of LP Units that, if vested, are convertible at the option of the holder, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into an equal number of LP Units.

3. Represents LTIP Units under the Plan, which were earned based on the achievement of certain performance measures during the three-year performance period ended February 13, 2026.

Remarks:

	/s/ John A. Kite	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did KRG Chairman & CEO John A. Kite report on February 19, 2026?

John A. Kite reported awards of Limited Partnership Units of Kite Realty Group, L.P., classified as derivative securities. The filing lists 138,390 LTIP Units and 111,036 LTIP Units granted at $0.00 per unit, reflecting equity-based compensation rather than open‑market purchases or sales.

How many LTIP Units were granted to John A. Kite in the latest KRG Form 4?

The Form 4 shows two LTIP Unit grants totaling 249,426 units. One award covers 138,390 LTIP Units and another covers 111,036 LTIP Units, both recorded at a price of $0.00 per unit as equity compensation under Kite Realty Group Trust’s 2013 Equity Incentive Plan.

What are the vesting terms for the newly granted KRG LTIP Units to John A. Kite?

The LTIP Units vest in three equal installments on February 19, 2027, February 19, 2028, and February 19, 2029. Vesting is subject to Mr. Kite’s continued service, and some LTIP Units were earned based on performance over a three‑year period ending February 13, 2026.

How do LTIP Units at Kite Realty Group convert into Common Shares of KRG?

LTIP Units are a class of LP Units that, if vested and meeting tax allocation conditions, can be converted into an equal number of LP Units. LP Units may then be redeemed and tendered for Common Shares of beneficial interest on a one‑for‑one basis, according to the footnotes.

What is John A. Kite’s reported ownership in Kite Realty Group Common Shares after these transactions?

After the reported transactions, John A. Kite holds 54,121 Common Shares directly. Additionally, 2,098 Common Shares are reported as owned indirectly by his spouse. These figures are separate from his larger holdings of Limited Partnership Units and LTIP Units in Kite Realty Group, L.P.

Were the KRG LTIP Unit grants to John A. Kite based on performance conditions?

Yes. A portion of the LTIP Units was earned based on achieving specified performance measures during a three‑year performance period that ended on February 13, 2026. Another portion represents time‑based LTIP Unit awards granted under the company’s 2013 Equity Incentive Plan.