[Form 4] KILROY REALTY CORP Insider Trading Activity

Rhea-AI Filing Summary

KILROY REALTY CORP (NYSE: KRC) director Louisa G. Ritter received a grant of restricted stock units (RSUs) tied to dividend equivalents on 10/08/2025. The filing reports an acquisition of 263.5336 common-stock-equivalent units at a $0 price under the company’s 2006 Incentive Award Plan, increasing Ms. Ritter’s total beneficial ownership to 23,087.0493 shares. The award is described as dividend-equivalent rights related to previously granted RSUs and follows the terms of the applicable award agreement. The transaction was reported on 10/10/2025 and signed by an attorney-in-fact.

Positive

• Alignment with shareholders: Director awarded RSUs that increase equity stake to 23,087.0493 shares
• Non-cash compensation: Grant structured as dividend-equivalent RSUs preserves company cash while compensating the director

Negative

• Limited disclosure on vesting: Filing does not state vesting schedule or conditions for the granted 263.5336 units
• Value contingent on share price: Economic benefit depends on future stock performance; no guaranteed cash value disclosed

Insights

Corporate Governance Analyst

Director received dividend-equivalent RSUs, modestly increasing holdings.

The grant of 263.5336 RSU-equivalent units to a director signals routine equity compensation under the 2006 Incentive Award Plan. Such awards align directors with shareholder outcomes by converting dividend equivalents into equity without an outlay from the reporting person.

Dependence and risk: the value realized depends on future share price and vesting terms not disclosed here. Watch for vesting schedule disclosures or subsequent Forms 4 or 5 that indicate when shares become owned outright, typically within 12–36 months.

Executive Compensation Specialist

This award reflects standard non-cash director compensation tied to prior RSUs.

Issuing dividend-equivalent RSUs rather than cash preserves company cash while rewarding service; the reported 23,087.0493 total beneficial shares shows the director’s ongoing equity stake magnitude. The transaction code indicates an acquisition at $0, consistent with dividend-equivalent grants rather than market purchases.

Investors should monitor proxy disclosures or the company’s compensation table for aggregate director pay and any changes to equity compensation practices over the next fiscal year.

SEC Form 4

FORM 4

UNITED 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
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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^*

Ritter Louisa

(Last) (First) (Middle)

C/O KILROY REALTY CORPORATION

12200 W. OLYMPIC BLVD., SUITE 200

(Street)

LOS ANGELES CA 90064

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KILROY REALTY CORP [ NYSE: KRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common stock, par value $0.01 per share(1)	10/08/2025		A		263.5336	A	$0	23,087.0493	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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.

Remarks:

	/s/ Heidi R. Roth, as attorney-in-fact for Louisa G. Ritter	10/10/2025
	** Signature of Reporting Person	Date
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.

FAQ

What transaction did KRC director Louisa G. Ritter report on Form 4?

The director reported a grant of 263.5336 restricted stock unit equivalents tied to dividend equivalents on 10/08/2025, increasing beneficial ownership to 23,087.0493 shares.

Was there a cash purchase involved in the reported transaction (KRC)?

No. The transaction is coded as an acquisition at $0, indicating a grant of dividend-equivalent RSUs rather than a market purchase.

Under what plan were the RSUs granted to the KRC director?

The RSUs were granted pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms of the applicable award agreement.

Does the Form 4 specify when the granted RSUs vest for KRC?

No. The Form 4 does not disclose a vesting schedule or exercisability dates for the granted units.

When was the Form 4 for Louisa G. Ritter filed?

The filing shows the transaction date as 10/08/2025 and the Form 4 was signed and dated 10/10/2025.