Kilroy Realty Corp (NYSE: KRC) CEO logs stock and RSU dividend-equivalent grants
Rhea-AI Filing Summary
Aman Angela M reported acquisition or exercise transactions in this Form 4 filing.
Kilroy Realty Corp director and Chief Executive Officer Angela M. Aman reported equity compensation activity involving common stock and restricted stock units. She received a grant of common shares and additional restricted stock units credited as dividend equivalent rights tied to previously awarded restricted stock and performance unit grants. Each restricted stock unit represents a contingent right to receive one share of common stock, and the performance-based units referenced remain subject to three-year performance periods and additional time-based vesting requirements.
Positive
- None.
Negative
- None.
Insights
CEO reported routine equity awards and RSU dividend credits, with no open-market buying or selling.
Chief Executive Officer Angela M. Aman reported grants and credits of equity awards in the form of common stock and restricted stock units. The filing describes grants in respect of dividend equivalent rights linked to earlier restricted stock unit awards under the Kilroy Realty 2006 Incentive Award Plan.
Footnotes explain that these RSUs and performance units relate to multi-year performance periods ending on December 31, 2026 and December 31, 2027. The additional units reported reflect minimum amounts eligible to vest due to dividend equivalents and remain subject to performance and time-based vesting, so they do not represent immediately available shares.
There are no open-market purchases or sales, and no tax-withholding or gifting activity. The grants are non-cash compensation, with each restricted stock unit representing a contingent right to receive one share of common stock in the future, aligning a portion of the CEO’s pay with long-term company performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 528.279 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 608.265 | $0.00 | -- |
| Grant/Award | Common stock, par value $0.01 per share | 1,096.779 | $0.00 | -- |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
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.