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Kilroy Realty (NYSE: KRC) EVP receives new RSU and stock awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Trencher Eliott reported acquisition or exercise transactions in this Form 4 filing.

Kilroy Realty Corp executive Eliott Trencher reported equity awards tied to prior incentive grants. On April 8, 2026, he received 453.4264 and 429.9496 restricted stock units as dividend-equivalent credits on earlier awards, plus 402.8307 shares of common stock. Each restricted stock unit represents a contingent right to one share of Kilroy common stock.

The footnotes explain these include performance units granted in 2024 and 2025 with three-year performance periods ending December 31, 2026 and December 31, 2027. The additional units remain subject to time-based vesting requirements, so they are not fully owned until those conditions are satisfied.

Positive

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Negative

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Insider Trencher Eliott
Role EVP, Chief Investment Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Units 453.426 $0.00 --
Grant/Award Restricted Stock Units 429.95 $0.00 --
Grant/Award Common stock, par value $0.01 per share 402.831 $0.00 --
Holdings After Transaction: Restricted Stock Units — 46,815.153 shares (Direct); Common stock, par value $0.01 per share — 83,282.123 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. 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.
RSU award 1 453.4264 units Restricted stock units granted April 8, 2026
RSU award 2 429.9496 units Restricted stock units granted April 8, 2026
Common shares awarded 402.8307 shares Common stock grant at $0.0000 per share on April 8, 2026
Common shares after award 83,282.1225 shares Total direct common stock holdings following April 8, 2026 grant
RSU holdings after second grant 47,245.1021 units Total restricted stock units following April 8, 2026 derivative entry
Performance period 1 end December 31, 2026 Three-year performance period for 2024 performance units
Performance period 2 end December 31, 2027 Three-year performance period for 2025 performance units
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
"restricted stock units in respect of dividend equivalent rights with respect to underlying 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 2024 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.
time-based vesting requirements financial
"The units remain subject to additional time-based vesting requirements."
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 4UNITED 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 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Chief Investment Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common stock, par value $0.01 per share(1)04/08/2026A402.8307A$083,282.1225D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)(3)04/08/2026A453.4264 (4) (4)Common Stock453.4264$046,815.1525D
Restricted Stock Units(2)(3)04/08/2026A429.9496 (5) (5)Common Stock429.9496$047,245.1021D
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. 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.
3. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
4. 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.
5. 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.
Remarks:
/s/ Heidi R. Roth, as attorney-in-fact for Eliott Trencher04/10/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Eliott Trencher report in this Kilroy Realty (KRC) Form 4 filing?

Eliott Trencher reported new equity awards from Kilroy Realty. He received additional restricted stock units and common shares credited as dividend-equivalent rights on earlier grants, all recorded as acquisitions rather than open-market purchases or sales, and linked to existing long-term incentive awards and vesting conditions.

How many restricted stock units did Eliott Trencher receive from Kilroy Realty (KRC)?

Trencher received two restricted stock unit credits: 453.4264 units and 429.9496 units. Both relate to dividend-equivalent rights on previously granted restricted stock unit awards and performance-based units, and each restricted stock unit represents a contingent right to receive one share of Kilroy Realty common stock upon vesting.

Did Eliott Trencher buy or sell Kilroy Realty (KRC) shares in the market?

The Form 4 shows no open-market buys or sells. All reported entries are coded as awards or grants with a transaction price of $0.0000 per share, reflecting compensation-related equity credits rather than discretionary trading activity in Kilroy Realty common stock on the open market.

What are the performance periods tied to Trencher’s Kilroy Realty (KRC) units?

Trencher holds performance units granted in 2024 and 2025, each with a three-year performance period. The 2024 award runs through December 31, 2026, and the 2025 award runs through December 31, 2027, with units still subject to additional time-based vesting requirements before delivery.

How many Kilroy Realty (KRC) common shares does Eliott Trencher hold after these awards?

After the April 8, 2026 award of 402.8307 common shares, Trencher’s direct common stock holdings are reported at 83,282.1225 shares. This reflects his position following the latest compensation-related share credit, not an accumulation through open-market purchases or sales.

What do the dividend-equivalent rights mean for Kilroy Realty (KRC) awards?

Dividend-equivalent rights credit additional restricted stock units or shares when Kilroy pays dividends, keeping award holders economically aligned with shareholders. In this filing, Trencher’s new units and shares arise from such credits on previously reported restricted stock unit and performance-unit awards under the company’s 2006 Incentive Award Plan.