Form 4: Kimco Realty Corp Executive Chairman Milton Cooper Reports Stock Award and Distribution

Milton Cooper, Executive Chairman of Kimco Realty Corp, reports acquisition of restricted stock and a distribution of common stock from IRA and 401(k) accounts.

Summary

• On February 13, 2025, Milton Cooper, Executive Chairman of Kimco Realty Corp, reported transactions involving Kimco Realty Corp common stock.
• Cooper acquired 47,127 shares of restricted stock as a result of the company meeting certain performance criteria.
• These performance criteria were relative to the company's peer group and the National Association of Real Estate Investment Trust retail peers, pursuant to a grant of Performance Shares on February 13, 2022.
• Additionally, there was a distribution of 1,060 shares of common stock from Cooper's IRA and 4,335 shares from his 401(k).
• Following these transactions, Cooper beneficially owns 10,636,406 shares of Kimco Realty Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing primarily reports transactions related to stock awards and distributions, which are routine activities. The acquisition of restricted stock based on performance could be seen as slightly positive.

Positives

• The acquisition of restricted stock suggests that Kimco Realty Corp met certain performance criteria, which could be viewed positively by investors.

Industry Context

Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in company stock. This filing indicates activity by the Executive Chairman of a major REIT.

Stakeholder Impact

• Shareholders may view the acquisition of restricted stock by the Executive Chairman as a positive sign, indicating confidence in the company's performance.

Key Dates

Keywords

Kimco Realty Corp, Milton Cooper, restricted stock, common stock, beneficial ownership, Form 4, performance shares, IRA, 401(k), executive chairman