Kilroy Realty Corp (NYSE: KRC) EVP Eliott Trencher granted new stock and RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kilroy Realty Corp EVP and Chief Investment Officer Eliott Trencher received equity awards tied to existing incentive plans. He acquired 303.4364 shares of common stock and additional restricted stock units of 323.8640 and 341.5481 units credited as dividend equivalent rights on prior awards. Following these grants, he holds 83,585.5589 common shares directly, with the new units remaining subject to time-based vesting and multi-year performance periods ending on December 31, 2026 and December 31, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Trencher Eliott
Role
EVP, Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 341.548 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 323.864 | $0.00 | -- |
| Grant/Award | Common stock, par value $0.01 per share | 303.436 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 47,586.65 shares (Direct);
Common stock, par value $0.01 per share — 83,585.559 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
Common stock granted: 303.4364 shares
Restricted stock units credited (award 1): 323.8640 units
Restricted stock units credited (award 2): 341.5481 units
+2 more
5 metrics
Common stock granted
303.4364 shares
Grant of common stock on July 8, 2026 as dividend equivalent rights
Restricted stock units credited (award 1)
323.8640 units
RSUs credited as dividend equivalents on prior RSU awards
Restricted stock units credited (award 2)
341.5481 units
Additional RSUs credited as dividend equivalents on performance units
Common shares held after grant
83,585.5589 shares
Direct KRC common stock holding following July 8, 2026 transaction
RSUs held after transaction (series 1)
47,910.5142 units
Direct RSU balance after one of the credited awards
Key Terms
dividend equivalent rights, restricted stock units, performance units, time-based vesting requirements
4 terms
dividend equivalent rights financial
"Grant of restricted stock units 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.
restricted stock units financial
"Grant of restricted stock units in respect of dividend equivalent rights with respect to underlying restricted stock unit awards"
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.
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."
Time-based vesting requirements are rules that grant an employee the right to stock, options or other equity only after they work for the company for a set period or reach specific time checkpoints, like earning a reward after paying installments. For investors this matters because it spreads out when new shares can be claimed and sold, affecting future dilution, employee retention, and the timing of potential selling pressure on the stock.
FAQ
What did Eliott Trencher acquire in this Form 4 for KRC?
Eliott Trencher received 303.4364 shares of common stock and new restricted stock unit credits of 323.8640 and 341.5481 units as dividend equivalent rights on prior awards.
What is Eliott Trencher’s total direct common stock holding in KRC after these transactions?
After these awards, Eliott Trencher directly holds 83,585.5589 shares of Kilroy Realty Corp common stock. This reflects his position following the July 8, 2026 equity grants reported.
How are the new restricted stock units for KRC structured for Eliott Trencher?
Each restricted stock unit represents a contingent right to receive one KRC common share. The credited units relate to prior awards and remain subject to additional time-based vesting requirements.
What performance periods apply to Eliott Trencher’s KRC performance units mentioned in the Form 4?
The performance units referenced cover three-year periods ending on December 31, 2026 for the 2024 award and December 31, 2027 for the 2025 award, with units still subject to vesting conditions.
Why were additional KRC restricted stock units credited to Eliott Trencher?
The additional units reflect dividend equivalent rights credited on underlying restricted stock unit and performance unit awards previously reported, increasing the minimum number of units eligible to vest under those awards.