Kite Realty promotes CFO Heath Fear to President; board reduces to 8 trustees by 2027

KITE REALTY GROUP TRUST

Heath R. Fear appointed President effective March 20, 2026, while retaining CFO role; reports to CEO John Kite.
New employment agreements set CEO Kite base salary at $1.03M, McGowan and Fear at $620K each.
Bonnie Biumi will not stand for reelection at 2026 annual meeting, reducing board from 11 to 10.
Peter Lynch and Barton Peterson will not stand for 2027 reelection, further reducing board to 8.
Executive severance includes 3x base salary plus average bonus on termination without cause; non-compete for 18 months.

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