Kilroy Realty Corp (NYSE: KRC) officer receives dividend-based stock and RSU credits
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kilroy Realty Corp officer Sherrie Sage Schwartz reported acquisitions tied to existing equity awards. She received 67.1953 shares of common stock and 90.8359 restricted stock units credited as dividend equivalent rights on previously granted restricted stock unit awards under the Kilroy Realty 2006 Incentive Award Plan. Each restricted stock unit represents a contingent right to receive one share of common stock, and the units related to 2025 performance remain subject to additional time-based vesting requirements through the three-year performance period ending December 31, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schwartz Sherrie Sage
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 90.836 | $0.00 | -- |
| Grant/Award | Common stock, par value $0.01 per share | 67.195 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 6,540.181 shares (Direct, null);
Common stock, par value $0.01 per share — 5,389.889 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 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: 67.1953 shares
Common shares after grant: 5389.8886 shares
RSUs credited: 90.8359 units
+3 more
6 metrics
Common shares granted
67.1953 shares
Grant of common stock on July 8, 2026 as dividend equivalent rights
Common shares after grant
5389.8886 shares
Directly held common stock following the July 8, 2026 transaction
RSUs credited
90.8359 units
Restricted stock units credited as dividend equivalent rights on July 8, 2026
RSUs after credit
6540.1814 units
Directly held restricted stock units following the July 8, 2026 transaction
Performance period end
December 31, 2027
Three-year performance period for 2025 performance units
Performance units grant year
2025
Year in which performance units covering a three-year period were awarded
Key Terms
restricted stock units, dividend equivalent rights, performance units, contingent right
4 terms
restricted stock units financial
"Grant of restricted stock units in respect of dividend equivalent rights"
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 equivalent rights financial
"in respect of dividend equivalent rights with respect to underlying restricted stock unit awards"
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.
performance units financial
"The reporting person was awarded performance units in 2025 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Issuer common stock"
FAQ
What did Sherrie Sage Schwartz report in this Form 4 for KRC?
Sherrie Sage Schwartz reported grants of common stock and restricted stock units credited as dividend equivalent rights on previously granted equity awards under the Kilroy Realty 2006 Incentive Award Plan.
How many restricted stock units did Schwartz receive from Kilroy Realty (KRC)?
She was credited with 90.8359 restricted stock units as dividend equivalent rights, resulting in 6,540.1814 restricted stock units held directly after the July 8, 2026 transaction.
What do the Kilroy Realty (KRC) restricted stock units represent for Schwartz?
Each restricted stock unit represents a contingent right to receive one share of Kilroy Realty common stock, subject to vesting conditions specified in the applicable award agreements.
What is the vesting period mentioned for Schwartz’s Kilroy Realty (KRC) performance units?
Schwartz was awarded performance units in 2025 covering a three-year performance period ending on December 31, 2027, with units remaining subject to additional time-based vesting requirements.
Why were additional restricted stock units credited to Schwartz at Kilroy Realty (KRC)?
Additional units were credited in respect of dividend equivalent rights on previously reported restricted stock unit awards, increasing the minimum number of units eligible to vest, subject to time-based vesting.