Kite Realty (NYSE: KRG) awards 13,371 restricted shares to CAO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jaworski Adam M reported acquisition or exercise transactions in this Form 4 filing.
Kite Realty Group Trust reported that Senior VP & CAO Adam M. Jaworski received a grant of 13,371 common shares as equity compensation. The award consists of restricted shares that carry a three-year vesting schedule, with one-third of the shares vesting on each anniversary of the grant date. After this grant, Jaworski directly holds 13,371 common shares, reflecting a routine compensation-related equity award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jaworski Adam M
Role
Senior VP & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 13,371 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 13,371 shares (Direct)
Footnotes (1)
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Key Figures
Restricted shares granted: 13,371 shares
Grant price per share: $0.00 per share
Shares held after grant: 13,371 shares
+1 more
4 metrics
Restricted shares granted
13,371 shares
Equity award to Senior VP & CAO Adam M. Jaworski
Grant price per share
$0.00 per share
Compensation grant, not open-market purchase
Shares held after grant
13,371 shares
Total direct common shares reported post-transaction
Vesting schedule
3 years
Restricted shares vest in three equal annual installments
Key Terms
restricted shares, vest, grant date, grant, award, or other acquisition
4 terms
vest financial
"restricted shares which will vest over 3 years as follows"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant date financial
"vest on each anniversary of the grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What insider transaction did KRG report for Adam M. Jaworski?
Kite Realty Group Trust reported that Senior VP & CAO Adam M. Jaworski received a grant of 13,371 common shares. These are restricted shares awarded as equity compensation, not bought on the open market, and they increase his direct holdings to 13,371 shares.
Is the KRG Form 4 transaction an open-market trade or a routine award?
The KRG Form 4 reflects a routine equity award, not an open-market trade. It records a grant of 13,371 restricted common shares at $0.00 per share, classified as a grant or award acquisition, with vesting spread over three years from the grant date.