KILROY REALTY (KRC) director awarded 4,339 restricted stock units

Rhea-AI Filing Summary

Stevenson Gary R. reported acquisition or exercise transactions in this Form 4 filing.

KILROY REALTY CORP director Gary R. Stevenson received a grant of 4,339 shares of common stock on May 19, 2026. The award was made at a price of $0.00 per share as a stock-based compensation grant rather than an open-market purchase.

After this award, Stevenson directly holds a total of 42,691.0429 common shares. According to the accompanying note, the grant was in the form of restricted stock units under the Kilroy Realty 2006 Incentive Award Plan, and each unit includes a right to receive dividend equivalents on the underlying share.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Stevenson Gary R.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common stock, par value $0.01 per share	4,339	$0.00	--

Holdings After Transaction: Common stock, par value $0.01 per share — 42,691.043 shares (Direct, null)

Footnotes (1)

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Key Figures

Equity grant size: 4,339 shares Grant price: $0.00 per share Holdings after transaction: 42,691.0429 shares

3 metrics

Equity grant size 4,339 shares Restricted stock unit award on May 19, 2026

Grant price $0.00 per share Stock-based compensation, not an open-market purchase

Holdings after transaction 42,691.0429 shares Director’s direct ownership following the grant

Key Terms

restricted stock units, dividend equivalents, Incentive Award Plan

3 terms

restricted stock units financial

"Award of restricted stock units granted pursuant to the Kilroy Realty 2006 Incentive Award Plan."

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.

dividend equivalents financial

"Each restricted stock unit carries with it a right to receive dividend equivalents in respect of the share."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Incentive Award Plan financial

"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.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

Stevenson Gary R.

(Last) (First) (Middle)

C/O KILROY REALTY CORPORATION

12200 W. OLYMPIC BLVD., SUITE 200

(Street)

LOS ANGELES CALIFORNIA 90064

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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

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

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

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)	05/19/2026		A		4,339	A	$0	42,691.0429	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

Explanation of Responses:

1. Award of restricted stock units granted pursuant to the Kilroy Realty 2006 Incentive Award Plan. Each restricted stock unit carries with it a right to receive dividend equivalents in respect of the share of stock underlying such restricted stock unit.

Remarks:

	/s/ Heidi R. Roth, as attorney-in-fact for Gary R. Stevenson	05/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did KRC director Gary R. Stevenson report in this Form 4 filing?

Gary R. Stevenson reported receiving an equity grant of 4,339 KILROY REALTY CORP common shares on May 19, 2026. The award was granted at $0.00 per share as stock-based compensation, increasing his direct holdings to 42,691.0429 shares after the transaction.

Was the KRC Form 4 transaction a market purchase or a compensation grant?

The transaction was a compensation-related grant, not a market purchase. Stevenson received 4,339 shares at $0.00 per share, classified as a grant or award acquisition, consistent with equity compensation typically reported under a company’s incentive award plan rather than open-market buying.

How many KRC shares does Gary R. Stevenson own after this reported grant?

Following the grant, Stevenson directly holds 42,691.0429 KILROY REALTY CORP common shares. This total includes the newly awarded 4,339 shares reported in the filing, reflecting his updated direct ownership position after the compensation-related equity award on May 19, 2026.

What type of equity award did KRC grant to Gary R. Stevenson?

The award consists of restricted stock units under the Kilroy Realty 2006 Incentive Award Plan. Each restricted stock unit represents one underlying common share and carries a right to receive dividend equivalents tied to that share, as described in the Form 4 footnote disclosure.

Do the restricted stock units in this KRC filing include dividend rights?

Yes. Each restricted stock unit granted to Stevenson carries a right to receive dividend equivalents on the underlying common share. This means he is entitled to dividend-linked payments associated with each unit, according to the description provided in the Form 4 footnote.