Kilroy Realty president Smart granted 6,339 shares
The related three-year performance periods end December 31, 2026 and December 31, 2027.
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Form Type
4
Rhea-AI Filing Summary
Kilroy Realty Corp. President Justin William Smart received a grant of 6,339 shares of common stock on October 14, 2026, in respect of dividend equivalent rights on previously reported awards. He was also credited with 831 and 788 restricted stock units for dividend equivalent rights tied to previously reported performance-unit awards; those units remain subject to additional time-based vesting.
Insider Trade Summary
Grant/Award: 7,957.8344 shares
Grant/Award
3 txns
Insider
Smart Justin William
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F2, F3, F4 | 830.7962 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F2, F3, F5 | 787.77 | $0.00 | $0.00 |
| Grant/Award | Common stock, par value $0.01 per share F1 | 6,339.2682 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 202,074.4363 contracts (Direct);
Common stock, par value $0.01 per share — 531,640.9083 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. 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.
- F3. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
- F4. 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.
- F5. 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 stock grant: 6,339 shares
Restricted stock units credited: 831 restricted stock units
Restricted stock units credited: 788 restricted stock units
+1 more
4 metrics
Common stock grant
6,339 shares
October 14, 2026
Restricted stock units credited
831 restricted stock units
Dividend equivalent rights; October 14, 2026
Restricted stock units credited
788 restricted stock units
Dividend equivalent rights; October 14, 2026
Direct common shares following transaction
531,641 shares
Reported following the October 14, 2026 transaction
Key Terms
dividend equivalent rights, restricted stock units, performance units, time-based vesting requirements
4 terms
dividend equivalent rights financial
"in respect of dividend equivalent rights"
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
"Crediting of restricted stock units"
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
"awarded performance units in 2024"
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
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What performance periods do Justin William Smart’s new KRC RSU credits relate to?
The 831 RSUs relate to a 2024 performance-unit award with a three-year performance period ending December 31, 2026; the 788 RSUs relate to a 2025 award with a three-year performance period ending December 31, 2027. The credited amounts are additional minimum units eligible to vest as a result of dividend equivalent rights.
AI-generated analysis. How Rhea-AI works. Not financial advice.
