[Form 4] KILROY REALTY CORP Insider Trading Activity

Rhea-AI Filing Summary

Angela M. Aman, who serves as Chief Executive Officer and a director of Kilroy Realty Corporation (NYSE: KRC), reported two award-related transactions on 10/08/2025. She was credited with 647.3583 shares of common stock at no cash cost, bringing her total direct beneficial ownership to 111,613.1984 shares. Separately, 467.3362 restricted stock units were credited as dividend equivalents, increasing the total restricted-stock-unit position to 36,305.1017 units.

These awards were granted under the Kilroy Realty 2006 Incentive Award Plan and include performance units granted in 2024 that cover a three-year performance period ending December 31, 2026. The credited units remain subject to additional time-based vesting conditions.

Positive

• Increased executive alignment: CEO received 647.3583 shares and 467.3362 RSUs, raising direct holdings to 111,613.1984 shares
• Performance-linked awards: Awards include performance units covering a three-year period ending December 31, 2026, which ties pay to multi-year goals

Negative

• Potential future dilution: 36,305.1017 restricted-stock units remain outstanding and could convert to shares upon vesting
• Vesting uncertainty: The crediting increased minimum units eligible to vest but they remain subject to additional time-based vesting conditions

Insights

Compensation Analyst

Executive pay delivered via RSUs increases CEO ownership while remaining time-vested.

The transactions reflect equity compensation: 647.3583 shares issued at $0 and 467.3362 restricted stock units credited as dividend equivalents under the 2006 Incentive Award Plan. Equity awards at no cash cost are standard for aligning management with shareholder outcomes but represent future share issuance when they vest.

Key dependencies include vesting schedules and performance outcomes through December 31, 2026. Investors should note the awards remain subject to additional time-based vesting, so the full economic transfer is deferred.

Corporate Governance Expert

CEO holds a meaningful stake and continues to receive performance-linked incentives.

After these transactions the reporting person directly owns 111,613.1984 shares and has 36,305.1017 restricted-stock units outstanding. That combination signals continued alignment of executive incentives with long-term performance targets tied to the 2024 performance award.

Risks hinge on vesting outcomes and potential dilution if and when units convert to shares. Monitor the December 31, 2026 performance-period outcome and subsequent vesting milestones for material changes to share count.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Aman Angela M

(Last) (First) (Middle)

C/O KILROY REALTY CORPORATION

12200 W. OLYMPIC BLVD., SUITE 200

(Street)

LOS ANGELES CA 90064

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KILROY REALTY CORP [ NYSE: KRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock, par value $0.01 per share(1)	10/08/2025		A		647.3583	A	$0	111,613.1984	D
Common stock, par value $0.01 per share								2,797	I	BY REVOCABLE FAMILY TRUST

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(2)	(3)	10/08/2025		A		467.3362		(4)	(4)	Common Stock	467.3362	$0	36,305.1017	D

Explanation of Responses:

1. Grant of restricted stock units in respect of dividend equivalent rights with respect to underlying restricted stock unit awards previously reported on Table I, which were granted pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms of the applicable award agreement.

2. Crediting of restricted stock units in respect of dividend equivalent rights with respect to underlying restricted stock unit awards previously reported on Table II, which were granted pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms of the applicable award agreement.

3. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.

4. The reporting person was awarded performance units in 2024 covering a three-year performance period ending December 31, 2026. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2024 performance. The number of units reported reflects the additional minimum number of units eligible to vest as a result of the crediting of restricted stock units in respect of dividend equivalent rights. The units remain subject to additional time-based vesting requirements.

Remarks:

	/s/ Heidi R. Roth, as attorney-in-fact for Angela M. Aman	10/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did KRC CEO Angela Aman report on Form 4 dated 10/08/2025?

The report shows acquisition of 647.3583 common shares at $0 and crediting of 467.3362 restricted stock units on 10/08/2025, increasing direct ownership to 111,613.1984 shares.

How many restricted stock units does Angela Aman now hold?

The Form 4 reports a total of 36,305.1017 restricted stock units beneficially owned following the crediting of 467.3362 additional RSUs.

Are the performance awards time‑based or performance‑based?

The filing discloses performance units granted in 2024 covering a three-year performance period ending December 31, 2026; credited units remain subject to additional time-based vesting requirements.

Were any shares purchased for cash in these transactions?

No; the Form 4 shows the common shares and RSUs were acquired at a price of $0, indicating issuance as compensation/award components.

Under which plan were these awards granted?

Awards were granted pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms of the applicable award agreements.