Kilroy Realty (NYSE: KRC) executive receives new RSU and stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paratte A. Robert reported acquisition or exercise transactions in this Form 4 filing.
Kilroy Realty Corp executive A. Robert Paratte reported equity awards tied to dividend equivalents. On April 8, 2026, he received 583.9648 restricted stock units and 553.7236 restricted stock units credited as dividend equivalent rights on prior RSU awards.
He was also granted 494.4433 shares of common stock at no cash cost, reflecting additional units from dividend equivalents on performance-based awards. After these awards, his reported direct common stock holdings rose to 135,886.4115 shares, and his RSU balances increased, all subject to existing performance and time-based vesting terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Paratte A. Robert
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 583.965 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 553.724 | $0.00 | -- |
| Grant/Award | Common stock, par value $0.01 per share | 494.443 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 60,292.259 shares (Direct);
Common stock, par value $0.01 per share — 135,886.412 shares (Direct)
Footnotes (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. 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 2024 covering a three-year performance period ending December 31, 2026. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2024 and 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. 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.
Key Figures
RSU grant 1: 583.9648 units
RSU grant 2: 553.7236 units
Common stock award: 494.4433 shares
+3 more
6 metrics
RSU grant 1
583.9648 units
Restricted stock units credited April 8, 2026
RSU grant 2
553.7236 units
Restricted stock units credited April 8, 2026
Common stock award
494.4433 shares
Common stock granted at $0.00 per share
Common shares after award
135,886.4115 shares
Direct holdings following April 8, 2026 awards
RSU balance after grant 1
60,292.2585 units
RSUs following first April 8, 2026 transaction
RSU balance after grant 2
60,845.9821 units
RSUs following second April 8, 2026 transaction
Key Terms
Restricted Stock Units, dividend equivalent rights, performance units, time-based vesting requirements, +1 more
5 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.
performance units financial
"The reporting person was awarded performance units in 2024 covering a three-year performance period"
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.
time-based vesting requirements financial
"The units remain subject to additional time-based vesting requirements."
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.
FAQ
What insider transactions did KRC executive A. Robert Paratte report?
A. Robert Paratte reported receiving equity awards, not open-market trades. He acquired restricted stock units and common shares credited as dividend equivalent rights on existing awards, all at a stated price of $0.00 per share under Kilroy Realty’s 2006 Incentive Award Plan.
How many restricted stock units did the KRC executive receive in this Form 4?
He received two batches of restricted stock units, totaling 1,137.6884 units. One grant covered 583.9648 units and another 553.7236 units, each representing a contingent right to receive one share of Kilroy Realty common stock if vesting conditions are met.
What are dividend equivalent rights in this KRC Form 4 filing?
Dividend equivalent rights credit additional restricted stock units when dividends are paid on common stock. In this case, they increased the minimum number of units eligible to vest on prior RSU and performance unit awards, while those units remain subject to performance and time-based vesting conditions.