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Kilroy Realty Corp (NYSE: KRC) EVP logs RSU credits and tax-related share sale

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Kilroy Realty Corp executive Eliott Trencher, EVP and Chief Investment Officer, reported routine equity compensation-related transactions. On January 7, 2026, he acquired 274.014 shares of common stock at $0, reflecting dividend equivalent rights tied to prior restricted stock unit (RSU) awards. That same day, he also received 278.999 and 324.1701 additional RSUs credited as dividend equivalents on performance-based awards granted in 2023 and 2024, which remain subject to time-based vesting conditions.

On January 9, 2026, Trencher disposed of 3,796 shares of common stock at $39.82 per share, with the shares tendered to cover tax withholding obligations. Following these transactions, he continued to hold tens of thousands of shares and RSUs directly, indicating these moves relate to compensation mechanics and tax compliance rather than discretionary open-market trading.

Positive

  • None.

Negative

  • None.
Insider Trencher Eliott
Role EVP, Chief Investment Officer
Type Security Shares Price Value
Tax Withholding Common stock, par value $0.01 per share 3,796 $39.82 $151K
Grant/Award Restricted Stock Units 278.999 $0.00 --
Grant/Award Restricted Stock Units 324.17 $0.00 --
Grant/Award Common stock, par value $0.01 per share 274.014 $0.00 --
Holdings After Transaction: Common stock, par value $0.01 per share — 40,559.292 shares (Direct); Restricted Stock Units — 43,952.91 shares (Direct)
Footnotes (1)
  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. Common stock tendered to pay tax withholding. 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 2023 covering a three-year performance period ending December 31, 2025. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2023 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 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.
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*
Trencher Eliott

(Last) (First) (Middle)
C/O KILROY REALTY CORPORATION
12200 W. OLYMPIC BLVD., SUITE 200

(Street)
LOS ANGELES CA 90064

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
KILROY REALTY CORP [ NYSE: KRC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Investment Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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) 01/07/2026 A 274.014 A $0 44,355.2918 D
Common stock, par value $0.01 per share(2) 01/09/2026 F 3,796 D $39.82 40,559.2918 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
Restricted Stock Units(3) (4) 01/07/2026 A 278.999 (5) (5) Common Stock 278.999 $0 43,952.9098 D
Restricted Stock Units(3) (4) 01/07/2026 A 324.1701 (6) (6) Common Stock 324.1701 $0 44,277.0799 D
Explanation of Responses:
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.
2. Common stock tendered to pay tax withholding.
3. 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.
4. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
5. The reporting person was awarded performance units in 2023 covering a three-year performance period ending December 31, 2025. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2023 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.
6. 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.
Remarks:
/s/ Heidi R. Roth, as attorney-in-fact for Eliott Trencher 01/09/2026
** 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.

FAQ

Who is the insider reporting transactions in Kilroy Realty Corp (KRC)?

The reporting person is Eliott Trencher, who serves as EVP, Chief Investment Officer of Kilroy Realty Corp.

What common stock transactions did Eliott Trencher report for KRC on January 2026?

On January 7, 2026, Trencher acquired 274.014 shares of KRC common stock at $0 per share via dividend equivalent rights. On January 9, 2026, he disposed of 3,796 shares at $39.82 per share to pay tax withholding.

What RSU grants did Eliott Trencher receive in this KRC Form 4 filing?

On January 7, 2026, Trencher was credited with 278.999 and 324.1701 restricted stock units, tied to performance awards from 2023 and 2024. Each RSU represents a contingent right to one share of KRC common stock and remains subject to time-based vesting.

Why did Eliott Trencher sell 3,796 shares of Kilroy Realty Corp stock?

The filing states that the 3,796 shares of common stock were tendered to pay tax withholding, indicating the sale was for tax obligations related to equity compensation.

How many Kilroy Realty Corp shares did Eliott Trencher hold after the reported common stock transactions?

After the January 7, 2026 acquisition, Trencher beneficially owned 44,355.2918 shares of KRC common stock directly. After the January 9, 2026 tax-withholding sale, he held 40,559.2918 shares directly.

What is the nature of the performance unit awards mentioned in the KRC Form 4?

The filing notes that Trencher received performance units in 2023 (covering a period ending December 31, 2025) and in 2024 (covering a period ending December 31, 2026). The new RSUs reported reflect additional minimum units eligible to vest due to dividend equivalent credits and remain subject to additional time-based vesting requirements.