Heath R Fear - Feb 18, 2025 Form 4 Insider Report for KITE REALTY GROUP TRUST (KRG)

Role: EVP & Chief Financial Officer
Signature: /s/ Heath R. Fear
Stock symbol: KRG
Transactions as of: Feb 18, 2025
Transactions value $: $0
Form type: 4
Date filed: 2/20/2025, 05:51 PM
Previous filing: Dec 6, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KRG	Common Shares						69.3K	Feb 18, 2025	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KRG	Limited Partnership Units of Kite Realty Group, L.P.	Award	$0	+80.9K	+20.85%	$0.00	469K	Feb 18, 2025	Common Shares	80.9K		Direct	F1, F2, F3
transaction	KRG	Limited Partnership Units of Kite Realty Group, L.P.	Award	$0	+37.5K	+7.99%	$0.00	506K	Feb 18, 2025	Common Shares	37.5K		Direct	F1, F4
transaction	KRG	Limited Partnership Units of Kite Realty Group, L.P.	Award	$0	+17.3K	+3.41%	$0.00	523K	Feb 18, 2025	Common Shares	17.3K		Direct	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Common Shares of beneficial interest, par value of $.01 per share are issued upon the redemption of Limited Partnership units ("LP Units") of Kite Realty Group L.P. on a one for one basis. LP Units have no expiration date.
F2	Represents LTIP Units (as defined below) earned related to an award previously granted on January 14, 2022 pursuant to the Kite Realty Group Trust 2013 Equity Incentive Plan, as amended (the "Plan"). The numberof earned LTIP Units was based on the achievement of performance criteria as determined by the Compensation Committee of the Issuer's Board of Directors on February 18, 2025 with respect to a performance period commencing on October 23, 2021 and ending on December 31, 2024 (the "Performance Period") and represents the maximum number of LTIP Units eligible to be earned. 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.
F3	The performance criteria measured the Kite Realty Group's achievement of the following pre-set components over the Performance Period (i) cumulative annualized net operating income for executed new leases, (ii) post-merger cash general and administrative expense synergies, and (iii) same property net operating income margin improvement, and the awards were further subject to adjustment based on absolute TSR performance over the Performance Period.
F4	Represents the grant of LTIP Units pursuant to the the Plan. These LTIP Units will vest in equal amounts on 2/18/2026, 2/18/2027, and 2/18/2028, subject to continued service by the reporting person through the applicable vesting date.
F5	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 14, 2025.