Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 358

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 8
Chunk 358
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 amounts payable to Mr. Zalatoris, we neither separately compensate our executive officers for their service as officers, nor do we reimburse either the Business Manager or our Real Estate Manager for any compensation paid to their employees who also serve as our executive officers. Our secretary is not considered an executive officer for purposes of these limits on reimbursement. The fees we pay to the Business Manager and Real Estate Manager under the business management agreement or the real estate management agreement, respectively, are described in more detail under “Certain Relationships and Related Transactions.”

The compensation committee reviews the compensation paid to Mr. Zalatoris and any additional executive officers that the Company may decide to annually compensate in the future and approve all stock option grants, warrants, stock appreciation rights and other current or deferred compensation payable to the executive officers with respect to the current or future value of our shares. In addition, the board includes the non-binding stockholder advisory votes on executive compensation and on the frequency of stockholder votes on executive compensation in the relevant proxy statement as required pursuant to Section 14A of the Exchange Act.

Independent Director Compensation

The following table summarizes compensation earned by the independent directors for the year ended December 31, 2024 (Dollar amounts in thousands):

    Name
    Fees Earned or Paid in Cash
     
    Stock Awards(1)
     
    Options Awards
     
    Non-Equity Incentive Plan Compensation
     
    Change in Pension Value and Nonqualified Deferred Compensation Earnings
     
    All Other Compensation(2)
     
    Total Compensation

    Lee A. Daniels
    $
    115
     
    $
    40
     
    $
    —
     
    $
    —
     
    $
    —
     
    $
    4
     
    $
    159

    Stephen L. Davis
    $
    105
     
    $
    40
     
    $
    —
     
    $
    —
     
    $
    —
     
    $
    4
     
    $
    149

    Gwen Henry
    $
    115
     
    $
    40
     
    $
    —
     
    $
    —
     
    $
    —
     
    $
    4
     
    $
    159

    Bernard J. Michael
    $
    106
     
    $
    40
     
    $
    —