Director at Kilroy Realty (NYSE: KRC) granted new restricted stock units

Rhea-AI Filing Summary

Kilroy Realty Corp director Gary R. Stevenson reported an acquisition of shares through equity compensation. On April 8, 2026, he received 717.1088 shares of common stock at $0.00 per share, reflecting restricted stock units granted for dividend equivalent rights under the Kilroy Realty 2006 Incentive Award Plan.

After this grant, Stevenson directly holds 38,352.0429 shares of Kilroy Realty common stock. The transaction is a non-market grant/award rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Stevenson Gary R.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common stock, par value $0.01 per share	717.109	$0.00	--

Holdings After Transaction: Common stock, par value $0.01 per share — 38,352.043 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 717.1088 shares Grant price per share: $0.00 per share Total direct holdings: 38,352.0429 shares +1 more

4 metrics

Shares granted 717.1088 shares Restricted stock units credited as dividend equivalent rights on 2026-04-08

Grant price per share $0.00 per share Equity award settlement price for RSU dividend equivalents

Total direct holdings 38,352.0429 shares Common stock held directly by Gary R. Stevenson after transaction

Transaction code A (grant/award acquisition) Non-derivative acquisition of common stock reported on Form 4

Key Terms

restricted stock units, dividend equivalent rights, Kilroy Realty 2006 Incentive Award Plan

3 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

"restricted stock units in respect of dividend equivalent rights with respect to underlying"

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.

Kilroy Realty 2006 Incentive Award Plan financial

"granted pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Stevenson Gary R.

(Last) (First) (Middle)

C/O KILROY REALTY CORPORATION

12200 W. OLYMPIC BLVD., SUITE 200

(Street)

LOS ANGELES CALIFORNIA 90064

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
KILROY REALTY CORP [ NYSE: KRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock, par value $0.01 per share(1)	04/08/2026		A		717.1088	A	$0	38,352.0429	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

Remarks:

	/s/ Heidi R. Roth, as attorney-in-fact for Gary R. Stevenson	04/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did KRC director Gary R. Stevenson report on this Form 4?

Gary R. Stevenson reported receiving a grant of restricted stock units that settled in 717.1088 shares of Kilroy Realty common stock. The award reflects dividend equivalent rights tied to earlier restricted stock unit grants under the company’s 2006 Incentive Award Plan.

How many Kilroy Realty (KRC) shares were acquired in this Form 4 filing?

The filing shows an acquisition of 717.1088 shares of Kilroy Realty common stock. These shares arose from restricted stock units credited as dividend equivalent rights, rather than an open-market purchase, and were reported at a price of $0.00 per share.

What is Gary R. Stevenson’s total direct ownership in KRC after this transaction?

Following the grant, Gary R. Stevenson directly holds 38,352.0429 shares of Kilroy Realty common stock. This total includes the 717.1088 shares received from restricted stock units credited as dividend equivalent rights on underlying awards previously reported.

Was the KRC Form 4 transaction a market purchase or a compensation award?

The transaction was a compensation-related award, not a market trade. It reflects restricted stock units granted in respect of dividend equivalent rights, credited at $0.00 per share under the Kilroy Realty 2006 Incentive Award Plan and the applicable award agreement.

What does “dividend equivalent rights” mean in the Kilroy Realty (KRC) Form 4 footnote?

Dividend equivalent rights provide additional restricted stock units when dividends are paid on underlying awards. In this Form 4, Stevenson received units credited as dividend equivalents on previously granted restricted stock units, which then resulted in 717.1088 additional common shares.