Kilroy Realty Corp (NYSE: KRC) credits dividend-based RSUs to officer A. Robert Paratte
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paratte A. Robert reported acquisition or exercise transactions in this Form 4 filing.
Kilroy Realty Corp reported that officer A. Robert Paratte received equity-based compensation on July 8, 2026. He was granted 372.4445 shares of common stock and additional restricted stock units tied to prior awards under the Kilroy Realty 2006 Incentive Award Plan. These include 417.0980 and 439.8775 restricted stock units credited as dividend equivalent rights on existing performance and restricted stock unit awards. Each restricted stock unit represents a contingent right to receive one share of common stock and remains subject to performance and time-based vesting conditions.
Positive
- None.
Negative
- None.
Insights
Routine equity compensation credits from dividend equivalents.
Officer A. Robert Paratte received grants of common stock and restricted stock units as part of existing long-term incentive awards. The Form 4 describes 372.4445 common shares and two RSU credits of 417.0980 and 439.8775 units, all at a stated price of $0.0000 per unit as they are compensation, not market purchases.
The footnotes explain these are dividend equivalent rights credited on prior restricted stock unit and performance unit awards under the Kilroy Realty 2006 Incentive Award Plan. They increase the minimum number of units eligible to vest for performance cycles through December 31, 2026 and December 31, 2027, but the units still require additional time-based vesting, so the economic benefit is contingent over time.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Paratte A. Robert
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 439.878 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 417.098 | $0.00 | -- |
| Grant/Award | Common stock, par value $0.01 per share | 372.445 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 61,285.86 shares (Direct, null);
Common stock, par value $0.01 per share — 118,258.856 shares (Direct, null)
Footnotes (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. 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. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. 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 and 2025 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. The reporting person was awarded performance units in 2025 covering a three-year performance period ending December 31, 2027. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2025 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.
Key Figures
Common shares granted: 372.4445 shares
RSUs credited (award 1): 417.0980 units
RSUs credited (award 2): 439.8775 units
+2 more
5 metrics
Common shares granted
372.4445 shares
Grant of common stock on July 8, 2026 as dividend equivalent rights
RSUs credited (award 1)
417.0980 units
Restricted stock units credited as dividend equivalent rights on prior awards
RSUs credited (award 2)
439.8775 units
Additional restricted stock units credited on existing performance unit awards
Common shares held after
118,258.8560 shares
Direct ownership of Kilroy Realty Corp common stock following the transactions
RSU holdings after (line item)
61,702.9576 units
Post-transaction restricted stock unit balance for one derivative award entry
Key Terms
dividend equivalent rights, restricted stock units, performance units, time-based vesting requirements, +1 more
5 terms
dividend equivalent rights financial
"Grant of restricted stock units in respect of dividend equivalent rights with respect to underlying"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
restricted stock units financial
"Grant of restricted stock units in respect of dividend equivalent rights with respect to underlying"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance units financial
"The reporting person was awarded performance units in 2024 covering a three-year performance period"
Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.
time-based vesting requirements financial
"The units remain subject to additional time-based vesting requirements."
Time-based vesting requirements are rules that grant an employee the right to stock, options or other equity only after they work for the company for a set period or reach specific time checkpoints, like earning a reward after paying installments. For investors this matters because it spreads out when new shares can be claimed and sold, affecting future dilution, employee retention, and the timing of potential selling pressure on the stock.
Incentive Award Plan financial
"which were granted pursuant to the Kilroy Realty 2006 Incentive Award Plan"
An incentive award plan is a formal program that rewards employees, executives, or directors with cash, stock, options, or other pay when the company meets set goals or performance targets. Like a sales commission or a loyalty program that pays out when you hit milestones, it’s designed to align staff behavior with company objectives; investors care because it affects a company’s costs, share count (dilution), leadership incentives, and long-term value creation.
FAQ
What insider equity awards did KRC officer A. Robert Paratte receive?
A. Robert Paratte received 372.4445 shares of Kilroy Realty Corp common stock and restricted stock unit credits of 417.0980 and 439.8775 units, all tied to prior incentive awards.
Were the KRC equity transactions for A. Robert Paratte open-market buys or sales?
They were not open-market trades. All reported KRC transactions for A. Robert Paratte are grant/award acquisitions of stock and restricted stock units as compensation, with no reported market purchases or sales.
What do the new KRC restricted stock units for A. Robert Paratte represent?
Each new restricted stock unit reported for KRC represents a contingent right to receive one share of Kilroy Realty Corp common stock, subject to performance conditions and additional time-based vesting requirements.
Why did KRC credit additional RSUs to A. Robert Paratte in 2026?
Kilroy Realty Corp credited additional RSUs as dividend equivalent rights on existing restricted stock unit and performance unit awards, increasing the minimum units eligible to vest while remaining subject to time-based vesting.
Which incentive plan governs A. Robert Paratte’s new KRC equity awards?
The awards and credits to A. Robert Paratte were granted under the Kilroy Realty 2006 Incentive Award Plan, according to the Form 4 footnotes describing the underlying arrangements.