Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 183

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 1A
Chunk 183
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(8)Mr. Sabshon has sole voting and investment power over all of the shares that he beneficially owns.

(9)Ms. Lynch shares voting and dispositive power with her husband over all of the shares that they own.

(10)Ms. Fu has sole voting and investment power over all shares that she beneficially owns.

(11)Ms. Hrtanek has sole voting and investment power over all of the shares that she beneficially owns.

Securities Authorized for Issuance under the RSP

The following table sets forth information regarding securities authorized for issuance under the RSP as of December 31, 2024:

    Plan Category
    Number of Securities tobe Issued Upon Exerciseof OutstandingOptions, Warrantsand Rights
     
    Weighted AverageExercise Price ofOutstandingOptions, Warrantsand Rights
     
    Number of Securities Remaining Availablefor Future Issuance Under EquityCompensation Plans (Excluding SecuritiesReflected in Column (a))

    (a)
     
    (b)
     
    (c)

    Equity Compensation Plans approved   by security holders
     
    —

    —

    1,769,592

    Equity Compensation Plans not   approved by security holders
     
    —

    —

    —

    Total
     
    —

    —

    1,769,592

60

Item 13.	Certain Relationships and Related Transactions, and Director Independence

Set forth below is a summary of the material transactions between the Company and various affiliates of IREIC, including the Business Manager and Real Estate Manager, that have occurred since January 1, 2024, or are currently proposed. IREIC is an indirect wholly-owned subsidiary of The Inland Group LLC. Please see the biographical information of our directors and executive officers elsewhere in this Annual Report for information regarding their relationships to Inland, including IREIC and The Inland Group LLC.

Business Management Agreement, Generally

We have entered into a business management agreement with IREIT Business Manager & Advisor Inc., which serves as the Business Manager with responsibility for overseeing and managing our day-to-day operations. The terms and conditions of the Second Amended and Restated Business Management Agreement dated October 15, 2021 (the “Second Business Management Agreement”), were effective until April 1, 2023, whereupon a Third Amended and Restated Business Management Agreement entered into on March 23, 2023 (“Third Business Management Agreement”), took effect