STOCK TITAN

Kilroy Realty (NYSE: KRC) executive granted RSUs and dividend-based stock

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kuehling Jeffrey reported acquisition or exercise transactions in this Form 4 filing.

Kilroy Realty Corp executive Jeffrey Kuehling reported equity compensation awards rather than market trades. He received 244.2885 restricted stock units, each representing a contingent right to one share of common stock and carrying dividend equivalent rights under the Kilroy Realty 2006 Incentive Award Plan.

He was also credited with 211.2375 shares of common stock at no cost in respect of dividend equivalent rights tied to previously granted restricted stock unit awards and 2025 performance units covering a three-year period ending December 31, 2027. Following these awards, he directly holds 26,534.3891 common shares and 13,064.9112 restricted stock units, which remain subject to time-based vesting conditions.

Positive

  • None.

Negative

  • None.
Insider Kuehling Jeffrey
Role See Remarks
Type Security Shares Price Value
Grant/Award Restricted Stock Units 244.289 $0.00 --
Grant/Award Common stock, par value $0.01 per share 211.238 $0.00 --
Holdings After Transaction: Restricted Stock Units — 13,064.911 shares (Direct); Common stock, par value $0.01 per share — 26,534.389 shares (Direct)
Footnotes (1)
  1. Award of restricted stock units granted pursuant to Kilroy Realty 2006 Incentive Award Plan. 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. 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 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.
RSUs granted 244.2885 units Restricted stock units awarded on 2026-04-08
Common shares credited 211.2375 shares Dividend equivalent credits on 2026-04-08
Common shares held after 26,534.3891 shares Direct KRC common stock holdings after reported transactions
RSUs held after 13,064.9112 units Restricted stock unit balance following awards and credits
Exercise/Conversion price $0.0000 per unit RSU grant price and contingent right to common stock
Performance period end December 31, 2027 End date for 2025 performance units’ three-year period
Restricted Stock Units financial
"Award of restricted stock units granted pursuant to 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Issuer common stock."
performance units financial
"The reporting person was awarded performance units in 2025 covering a three-year performance period ending December 31, 2027."
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.
Incentive Award Plan financial
"granted pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms of the applicable award agreement."
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.
SEC Form 4
FORM 4UNITED 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
Estimated average burden
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*
Kuehling Jeffrey

(Last)(First)(Middle)
C/O KILROY REALTY CORPORATION
12200 W. OLYMPIC BLVD., SUITE 200

(Street)
LOS ANGELES CALIFORNIA 90064

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
KILROY REALTY CORP [ NYSE: KRC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common stock, par value $0.01 per share(1)04/08/2026A211.2375A$026,534.3891D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)(3)04/08/2026A244.2885 (4) (4)Common stock, par value $0.01 per share244.2885$013,064.9112D
Explanation of Responses:
1. Award of restricted stock units granted pursuant to Kilroy Realty 2006 Incentive Award Plan. 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.
2. 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.
3. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
4. 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.
Remarks:
Executive Vice President, CFO and Treasurer
/s/ Heidi R. Roth, as attorney-in-fact for Jeffrey Kuehling04/10/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did KRC executive Jeffrey Kuehling report in this Form 4 filing?

Jeffrey Kuehling reported equity compensation awards, not open-market trades. He received 244.2885 restricted stock units and 211.2375 common shares credited as dividend equivalents tied to prior awards and performance units under Kilroy Realty’s 2006 Incentive Award Plan.

How many restricted stock units does Jeffrey Kuehling hold in KRC after this filing?

After these awards, Jeffrey Kuehling holds 13,064.9112 restricted stock units. These units stem from Kilroy Realty’s 2006 Incentive Award Plan, represent contingent rights to common shares, and remain subject to additional time-based vesting requirements described in the award terms.

How many KRC common shares does Jeffrey Kuehling own following the reported transactions?

Following the credited shares, Jeffrey Kuehling directly holds 26,534.3891 shares of Kilroy Realty common stock. The 211.2375 newly credited shares reflect dividend equivalent rights tied to previously granted restricted stock unit awards and related performance-based grants.

What are the terms of the restricted stock units granted to Jeffrey Kuehling at KRC?

Each restricted stock unit represents a contingent right to receive one share of Kilroy Realty common stock. The units include dividend equivalent rights and remain subject to additional time-based vesting requirements under the 2006 Incentive Award Plan and applicable award agreements.

How are dividend equivalents reflected in Jeffrey Kuehling’s KRC equity awards?

Dividend equivalents are reflected as credited restricted stock units and shares. 244.2885 restricted stock units and 211.2375 common shares were credited in respect of dividend equivalent rights tied to previously reported restricted stock unit awards and 2025 performance units covering a three-year period.

What performance period applies to Jeffrey Kuehling’s KRC performance units mentioned in the filing?

The filing notes that Jeffrey Kuehling was awarded performance units in 2025 covering a three-year performance period ending on December 31, 2027. The reported additional units eligible to vest arise from dividend equivalent credits and remain subject to time-based vesting conditions.