Kilroy Realty (NYSE: KRC) EVP reports major RSU vesting and tax share withholding
Rhea-AI Filing Summary
Kilroy Realty Corporation executive A. Robert Paratte, Executive Vice President and Chief Leasing Officer, reported multiple equity compensation transactions on February 5, 2026. He acquired 12,796 shares of common stock at $0 and exercised awards for an additional 82,897 shares, also at no cost.
To cover tax withholding, 40,094 common shares were tendered at $34.31. After these transactions, he beneficially owned 135,391.9682 common shares directly. He also received 53,883.4708 and 29,060.2374 restricted stock units tied to performance awards under the Kilroy Realty 2006 Incentive Award Plan.
The 2023 performance award units reflect additional vesting based on 2024 and 2025 performance, while the 2025 award represents the minimum units eligible to vest for a three-year period ending December 31, 2027, with up to an additional 58,120.47 units potentially vesting based on company performance and time-based vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 53,883.471 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 29,060.237 | $0.00 | -- |
| Exercise | Restricted Stock Units | 82,897 | $0.00 | -- |
| Grant/Award | Common stock, par value $0.01 per share | 12,796 | $0.00 | -- |
| Exercise | Common stock, par value $0.01 per share | 82,897 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.01 per share | 40,094 | $34.31 | $1.38M |
Footnotes (1)
- Award of restricted stock units granted pursuant to the 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. Restricted stock units tendered to pay tax withholding. 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 performance. The number of units reported reflects the additional number of units that vested based on 2024 and 2025 performance. The reporting person was awarded performance units in 2025 covering a three-year performance period ending December 31, 2027. The number of units reported reflects the minimum number of units eligible to vest based on 2025 performance. The units remain subject to additional time-based vesting requirements. Up to an additional 58,120.47 units may vest for the three-year performance period based on the Issuer's performance for that three-year period. The performance units were awarded in 2023 and the final number of units subject to the award (as adjusted for dividend equivalents through January 31, 2026) was determined based on a three-year performance period ending December 31, 2025. The units are payable in shares of the Issuer's common stock.