Kilroy Realty (NYSE: KRC) EVP Eliott Trencher gains RSUs, stock via vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kilroy Realty EVP and Chief Investment Officer Eliott Trencher reported multiple stock-based compensation transactions on February 5, 2026. He received two awards of restricted stock units (RSUs) totaling about 60,600 units, tied to the company’s long-term incentive plan and performance periods through 2027.
He also had 58,515 RSUs convert into common stock, increasing his directly held common shares, and 27,125 shares were withheld at $34.31 per share to cover taxes. After these transactions, he directly held about 82,879 common shares and 104,877 RSUs, aligning his compensation with Kilroy Realty’s future performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
58,515 shares exercised/converted
Mixed
6 txns
Insider
Trencher Eliott
Role
EVP, Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 38,035.255 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 22,564.392 | $0.00 | -- |
| Exercise | Restricted Stock Units | 58,515 | $0.00 | -- |
| Grant/Award | Common stock, par value $0.01 per share | 10,930 | $0.00 | -- |
| Exercise | Common stock, par value $0.01 per share | 58,515 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.01 per share | 27,125 | $34.31 | $931K |
Holdings After Transaction:
Restricted Stock Units — 82,312.335 shares (Direct);
Common stock, par value $0.01 per share — 51,489.292 shares (Direct)
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 45,128.78 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.
FAQ
What insider transaction did KRC EVP Eliott Trencher report on February 5, 2026?
Eliott Trencher reported equity compensation activity, including RSU grants, RSU vesting into common stock, and shares withheld for taxes. These transactions reflect routine long-term incentive awards and performance-based vesting rather than open-market buying or selling of Kilroy Realty common stock.
How many restricted stock units did KRC executive Eliott Trencher receive?
Trencher received two RSU awards totaling about 60,600 units. One grant was approximately 38,035.25 units linked to a 2023–2025 performance period, and another was about 22,564.39 units tied to a 2025–2027 performance period under Kilroy Realty’s incentive plan.
What performance conditions apply to Eliott Trencher’s new KRC RSU awards?
The RSU awards are tied to multi-year performance periods. One grant reflects additional units vesting based on 2024–2025 performance, while another represents minimum units eligible to vest through 2027. Some units also remain subject to continued service-based vesting conditions.