Kilroy Realty (NYSE: KRC) EVP receives new RSU and stock awards
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
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 402.8307 shares
Net Buy
3 txns
Insider
Trencher Eliott
Role
EVP, Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 453.4264 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 429.9496 | $0.00 | $0.00 |
| Grant/Award | Common stock, par value $0.01 per share | 402.8307 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 47,245.1021 shares (Direct);
Common stock, par value $0.01 per share — 83,282.1225 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 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.
- 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
RSU award 1: 453.4264 units
RSU award 2: 429.9496 units
Common shares awarded: 402.8307 shares
+4 more
7 metrics
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
Key Terms
Restricted Stock Units, dividend equivalent rights, performance units, time-based vesting requirements, +1 more
5 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
"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."
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.
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.
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.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
