Kilroy director receives stock units via dividends
BRENNAN EDWARD F reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
BRENNAN EDWARD F reported acquisition or exercise transactions in this Form 4 filing.
Kilroy Realty Corp director Edward F. Brennan received 504.5438 shares of common stock on April 8, 2026 through a grant of restricted stock units tied to dividend equivalent rights on earlier awards under the Kilroy Realty 2006 Incentive Award Plan.
After this compensation grant, Brennan directly holds 39,346.0054 common shares and indirectly holds 8,214 shares through the Brennan Family Trust. The award is a non‑cash, non‑market transaction and does not reflect an open‑market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 504.5438 shares
Grant/Award
2 txns
Insider
BRENNAN EDWARD F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, par value $0.01 per share | 504.5438 | $0.00 | $0.00 |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common stock, par value $0.01 per share — 39,346.0054 shares (Direct);
Common stock, par value $0.01 per share — 8,214 shares (Indirect, BY BRENNAN FAMILY TRUST)
Footnotes (1)
- 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.
Key Figures
RSUs granted: 504.5438 shares
Direct holdings after grant: 39,346.0054 shares
Indirect trust holdings: 8,214.0000 shares
+2 more
5 metrics
RSUs granted
504.5438 shares
Restricted stock units from dividend equivalent rights on 2026-04-08
Direct holdings after grant
39,346.0054 shares
Common stock directly owned by Edward F. Brennan after transaction
Indirect trust holdings
8,214.0000 shares
Common stock held indirectly via Brennan Family Trust
Market buy transactions
0 shares
No open-market buys reported in transactionSummary
Market sell transactions
0 shares
No open-market sales reported in transactionSummary
Key Terms
restricted stock units, dividend equivalent rights, Incentive Award Plan, indirect ownership
4 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
"in respect of dividend equivalent rights with respect to underlying restricted stock unit 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.
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
"total_shares_following_transaction ... direct_or_indirect": "I" ... BY BRENNAN FAMILY TRUST"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did KRC director Edward Brennan report?
Edward F. Brennan reported receiving 504.5438 shares of Kilroy Realty common stock. These came as restricted stock units credited for dividend equivalent rights on prior awards, under the company’s 2006 Incentive Award Plan, rather than through an open-market stock purchase.
Is the KRC Form 4 transaction a stock buy or sale?
The Form 4 does not show a buy or sale in the market. It records a grant of restricted stock units credited for dividend equivalents, making this a compensation-related share acquisition rather than an open-market trade by director Edward F. Brennan.
What are dividend equivalent rights in the KRC stock award?
Dividend equivalent rights credit additional restricted stock units when the company pays dividends. In this case, Brennan received 504.5438 new units as dividend equivalents on previously granted restricted stock units under the Kilroy Realty 2006 Incentive Award Plan and related award agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
