[Form 4] KILROY REALTY CORP Insider Trading Activity

Rhea-AI Filing Summary

Heidi R. Roth, Executive Vice President and Chief Administrative Officer, reported acquisitions of Kilroy Realty Corporation common stock and restricted stock units on 10/08/2025. The filing shows an automatic grant/credit for dividend equivalent rights of 646.7444 shares of common stock, increasing her direct holdings to 73,357.2766 shares. In Table II she was credited with 216.7055 and 228.9009 restricted stock units (RSUs), which convert 1:1 into common shares when vested and raise her total derivative-backed common share equivalent to 34,617.0201 shares following the transactions. The RSUs reflect dividend equivalent credits tied to prior performance-unit awards covering multi-year performance periods ending 12/31/2025 and 12/31/2026, and they remain subject to additional time-based vesting.

Positive

• Director/officer increased direct holdings to 73,357.2766 common shares after a 646.7444 share credit
• Dividend equivalent credits applied to previously granted performance awards under the Kilroy Realty 2006 Incentive Award Plan, preserving value for the executive
• RSUs convert 1:1 into common stock, with 216.7055 and 228.9009 units credited, expanding contingent ownership

Negative

• None.

Insights

Compensation & Governance Analyst

TL;DR: Executive received dividend-equivalent common shares and RSUs that increase direct and contingent holdings while remaining time- and performance‑subject.

The reporting shows a non‑cash grant/credit of 646.7444 common shares and two RSU credits of 216.7055 and 228.9009, tied to dividend equivalents on previously awarded performance and restricted units. These units are granted under the Kilroy Realty 2006 Incentive Award Plan and convert on a one‑for‑one basis into common stock when vested.

Key dependencies are the underlying performance vesting outcomes through 12/31/2025 and 12/31/2026 and remaining time‑based vesting conditions; until those conditions are met the RSUs are contingently owned. Monitor the final vesting certification dates and any subsequent Form 4 filings showing actual share delivery.

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

OMB Number:			3235-0287
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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^*

Roth Heidi Rena

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

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		646.7444	A	$0	73,357.2766	D

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		216.7055		(4)	(4)	Common Stock	216.7055	$0	34,388.1192	D
Restricted Stock Units(2)	(3)	10/08/2025		A		228.9009		(5)	(5)	Common Stock	228.9009	$0	34,617.0201	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 2023 covering a three-year performance period ending December 31, 2025. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2023 and 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.

5. 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:

Executive Vice President, Chief Administrative Officer

	/s/ Heidi R. Roth	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 Kilroy Realty (KRC) insider Heidi R. Roth acquire on 10/08/2025?

Heidi R. Roth was credited with 646.7444 common shares and 216.7055 plus 228.9009 restricted stock units on 10/08/2025.

Do the restricted stock units (RSUs) filed for KRC immediately convert to shares?

No. Each RSU represents a contingent right to one share and remains subject to additional time‑based vesting and performance conditions through the stated performance periods.

What performance periods are tied to the awarded performance units?

The credited units relate to performance awards covering three‑year periods ending 12/31/2025 (awarded 2023) and 12/31/2026 (awarded 2024).

How many common shares does Heidi Roth beneficially own after the transaction?

Following the reported transactions she directly beneficially owns 73,357.2766 common shares and has derivative-backed common share equivalents totaling 34,617.0201 shares.

Under which plan were the award credits granted?

The credits were granted under the Kilroy Realty 2006 Incentive Award Plan and governed by the applicable award agreements.