Dividend-equivalent RSU and share credits for Kilroy (NYSE: KRC) executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Roth Heidi Rena reported acquisition or exercise transactions in this Form 4 filing.
Kilroy Realty executive Heidi Rena Roth reported awards tied to existing equity grants rather than open-market trades. On April 8, 2026, she received 343.5077 and 325.7180 restricted stock units as dividend-equivalent credits on prior awards, plus 969.5220 common shares credited the same way. Each restricted stock unit represents a contingent right to one share of common stock. The filing notes that related performance units granted in 2024 and 2025, covering three-year performance periods ending December 31, 2026 and December 31, 2027, now reflect additional minimum units eligible to vest from these dividend-equivalent credits, subject to further time-based vesting requirements.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Roth Heidi Rena
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 343.508 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 325.718 | $0.00 | -- |
| Grant/Award | Common stock, par value $0.01 per share | 969.522 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 35,466.211 shares (Direct);
Common stock, par value $0.01 per share — 102,713.684 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 credit 1: 343.5077 restricted stock units
RSU credit 2: 325.7180 restricted stock units
Common shares awarded: 969.5220 shares
+4 more
7 metrics
RSU credit 1
343.5077 restricted stock units
Dividend-equivalent credit on prior RSU award dated April 8, 2026
RSU credit 2
325.7180 restricted stock units
Dividend-equivalent credit on prior RSU award dated April 8, 2026
Common shares awarded
969.5220 shares
Common stock credited as dividend-equivalent rights on April 8, 2026
RSUs after transaction
35,791.9285 restricted stock units
Direct RSU holdings following one of the RSU credits
Common shares after transaction
102,713.6842 shares
Direct common stock holdings after the reported share award
Performance period end 2024 award
December 31, 2026
Three-year performance period for 2024 performance units
Performance period end 2025 award
December 31, 2027
Three-year performance period for 2025 performance units
Key Terms
restricted stock units, dividend equivalent rights, performance units, Incentive Award Plan, +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.
Incentive Award Plan financial
"granted pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms"
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.
time-based vesting requirements financial
"The units remain subject to additional time-based vesting requirements."
FAQ
What did Heidi Rena Roth report in this Kilroy Realty (KRC) Form 4?
Heidi Rena Roth reported equity compensation awards, not open-market trades. She received restricted stock units and common shares credited as dividend equivalents on earlier grants, increasing the minimum units eligible to vest under existing performance awards, subject to continued employment-based vesting conditions.
How many restricted stock units did Heidi Rena Roth receive in this KRC filing?
She received two restricted stock unit credits: 343.5077 units and 325.7180 units. Both relate to dividend-equivalent rights on previously granted restricted stock unit awards under the Kilroy Realty 2006 Incentive Award Plan and follow the terms of those award agreements.
What do the credited dividend-equivalent restricted stock units represent for KRC?
Each restricted stock unit represents a contingent right to receive one share of Kilroy Realty common stock. The credited units arise from dividend-equivalent rights on earlier grants and increase the minimum number of units that may vest, still subject to additional time-based vesting conditions.
How do the performance unit awards mentioned affect Heidi Rena Roth’s KRC equity?
She holds performance units granted in 2024 and 2025 covering three-year performance periods ending December 31, 2026 and December 31, 2027. The credited dividend-equivalent units raise the minimum units eligible to vest, but they remain subject to additional time-based vesting requirements.