Director at Kilroy Realty (NYSE: KRC) receives 4,339-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BRENNAN EDWARD F reported acquisition or exercise transactions in this Form 4 filing.
KILROY REALTY CORP director Edward F. Brennan reported an equity award and updated holdings. He received 4,339.0000 shares of common stock as a grant of restricted stock units under the Kilroy Realty 2006 Incentive Award Plan, at a stated price of 0.0000 per share. Following the grant, he directly owns 43,685.0054 shares. Separately, 8,214.0000 shares are held indirectly by the Brennan Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BRENNAN EDWARD F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, par value $0.01 per share | 4,339 | $0.00 | -- |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common stock, par value $0.01 per share — 43,685.005 shares (Direct, null);
Common stock, par value $0.01 per share — 8,214 shares (Indirect, BY BRENNAN FAMILY TRUST)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock unit award: 4,339.0000 shares
Grant price per share: 0.0000
Direct shares after transaction: 43,685.0054 shares
+1 more
4 metrics
Restricted stock unit award
4,339.0000 shares
Non-derivative grant on 2026-05-19
Grant price per share
0.0000
Stated price for restricted stock unit grant
Direct shares after transaction
43,685.0054 shares
Total common shares directly owned after grant
Indirect shares via Brennan Family Trust
8,214.0000 shares
Common shares held indirectly
Key Terms
restricted stock units, dividend equivalents, Incentive Award Plan, indirect ownership, +1 more
5 terms
restricted stock units financial
"Award of restricted stock units granted pursuant to the Kilroy Realty 2006 Incentive Award Plan."
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 equivalents financial
"Each restricted stock unit carries with it a right to receive dividend equivalents in respect of the share of stock underlying such restricted stock unit."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
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.
indirect ownership financial
"Common stock, par value $0.01 per share ... ownership_type: "indirect""
non-derivative financial
"transaction_type": "non-derivative""
FAQ
What did KRC director Edward F. Brennan report in this Form 4 filing?
Edward F. Brennan reported receiving 4,339.0000 shares of common stock as a grant of restricted stock units. The filing also updates his direct and indirect ownership positions in KILROY REALTY CORP common stock as of the reported transaction date.
What is Edward F. Brennan’s direct ownership in KRC after the reported grant?
After the grant, Edward F. Brennan directly owns 43,685.0054 shares of KILROY REALTY CORP common stock. This total reflects the addition of the 4,339.0000-share restricted stock unit award reported in the non-derivative transaction.
Under which plan were the restricted stock units for KRC granted?
The restricted stock units were granted under the Kilroy Realty 2006 Incentive Award Plan. Each restricted stock unit carries a right to receive dividend equivalents tied to the share of stock underlying that restricted stock unit, as described in the footnote.
Do Brennan’s restricted stock units on KRC include dividend equivalents?
Yes. Each restricted stock unit award includes a right to receive dividend equivalents. These dividend equivalents correspond to the share of KILROY REALTY CORP stock underlying each restricted stock unit, according to the disclosure in the footnote.