Form 4: Kite Realty Group EVP Exercises Limited Partnership Units, Acquires Common Shares
SEC Form 4
Heath R. Fear, EVP & Chief Financial Officer of Kite Realty Group Trust, exercised limited partnership units and acquired common shares on August 5, 2024.
Summary
- On August 5, 2024, Heath R. Fear, the EVP & Chief Financial Officer of Kite Realty Group Trust, executed transactions involving limited partnership units and common shares of the company.
- Fear exercised 75,675 Limited Partnership Units (AO LTIPs) at a price of $17.76.
- He also exercised 20,337 Limited Partnership Units, resulting in the acquisition of 20,337 common shares.
- Following these transactions, Fear directly owns 69,265 common shares and 341,363 Limited Partnership Units.
- A previous Form 4 filing on February 21, 2024, incorrectly stated the vesting dates for 36,313 LTIP Units; the correct vesting dates are 2/16/2025, 2/16/2026, and 2/16/2027.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing insider transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This filing reflects insider activity, which is a common occurrence in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's performance and future prospects.
Key Dates
| Date | Description |
|---|---|
| 02/11/2023 | Date of grant for Limited Partnership Units Kite Realty Group, LP (AO LTIPs) |
| 02/21/2024 | Date of previous Form 4 filing with incorrect vesting dates |
| 08/05/2024 | Date of transaction: Exercise of Limited Partnership Units and acquisition of Common Shares |
| 08/07/2024 | Date of signature for this Form 4 filing |
| 02/16/2025 | Corrected vesting date for a portion of LTIP Units |
| 02/16/2026 | Corrected vesting date for a portion of LTIP Units |
| 02/11/2026 | Expiration date for Limited Partnership Units Kite Realty Group, LP (AO LTIPs) |
| 02/16/2027 | Corrected vesting date for a portion of LTIP Units |
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