Company: INRE
Filing Date: 2025-09-24
Form Type: DEF 14A
Source: 0001193125-25-214755
Chunk: 17

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-09-24
Form: DEF 14A
Chunk 17
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              | — |     | $                                                                       | — |     | $               | 4 |     | $            | 150 |

(1) Represents the value of 2,086 restricted shares granted to each independent director on November 6, 2024. The number of restricted shares granted was calculated based on the estimated per share NAV as of December 31, 2023. See “Stock Compensation below.” (2) Represents the value of distributions received during the year ended December 31, 2024 on all restricted shares held through December 31, 2024. Cash Compensation We pay our independent directors an annual fee for serving on our board. This fee was increased effective June 1, 2024 to $90,000. The annual fee was previously $50,000. Prior to June 1, 2024, we also paid a fee to each independent director of $2,000 for each board meeting attended in-person or by video conference and $750 for each meeting of the board attended by telephone. We also paid a fee to each independent director of $1,400 for each committee of the board attended in person or by video and $550 for each meeting of each committee of the board attended by telephone. On May 7, 2024, the board eliminated all per-meeting fees. Effective June 1, 2024, we pay the chairperson of the nominating and corporate governance committee of our board an annual fee of $15,000 (increased from $8,500), the chairperson of the audit committee of our board an annual fee of $20,000 (increased from $13,200), the chairperson of the compensation committee of our board an annual fee of $15,000 and the lead independent director an annual fee of $20,000 (increased from $5,000). Each independent director may elect to receive payment of all or a portion of his or her fee in the form of unrestricted shares in lieu of cash pursuant to our employee and director restricted share plan adopted and approved in 2016 (the “RSP”) and may elect to defer the receipt of all or a portion of his or her fee pursuant to our director deferred compensation plan. We do not compensate any director that is not otherwise “independent.” Stock Compensation Under the RSP, we may grant awards of restricted shares and restricted share units to directors, officers and employees (if we ever have employees) of us, our affiliate or the Business Manager. As a