Kilroy Realty Corp (NYSE: KRC) EVP logs RSU credits and 4,960-share tax sale
Rhea-AI Filing Summary
Kilroy Realty Corp executive A. Robert Paratte reported equity award-related transactions and a tax withholding share sale. On January 7, 2026, he acquired 358.223 shares of common stock at $0 and received additional restricted stock units linked to dividend-equivalent rights, covering 395.2496 and 417.4965 units. These RSUs each represent a contingent right to receive one share of common stock and relate to performance awards with multi-year performance periods and further time-based vesting conditions. On January 9, 2026, 4,960 common shares at $39.82 per share were tendered to cover tax withholding, leaving 79,792.9682 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock, par value $0.01 per share | 4,960 | $39.82 | $198K |
| Grant/Award | Restricted Stock Units | 395.25 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 417.497 | $0.00 | -- |
| Grant/Award | Common stock, par value $0.01 per share | 358.223 | $0.00 | -- |
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. 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 and 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. 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.
FAQ
What insider transactions did KRC executive A. Robert Paratte report?
He reported acquiring 358.223 shares of Kilroy Realty Corp common stock at $0 on January 7, 2026, receiving additional restricted stock units tied to dividend-equivalent rights, and tendering 4,960 shares at $39.82 on January 9, 2026 to cover tax withholding.
What restricted stock unit activity involving KRC did the Form 4 disclose?
The Form 4 shows credits of restricted stock units in respect of dividend equivalent rights, including 395.2496 and 417.4965 RSUs, each representing a contingent right to receive one share of Kilroy Realty common stock, tied to existing performance unit awards.
What is A. Robert Paratte’s role at Kilroy Realty Corp (KRC)?
According to the filing remarks, A. Robert Paratte serves as Executive Vice President, Chief Leasing Officer of Kilroy Realty Corp.
How do the KRC performance unit awards mentioned in the Form 4 work?
The filing notes performance units awarded in 2023 and 2024 over three-year performance periods ending December 31, 2025 and December 31, 2026, respectively. The additional RSUs reported reflect minimum units eligible to vest from dividend equivalent credits and remain subject to time-based vesting requirements.