KRC insider credited 757.5 RSUs; awards vest through 2026
Rhea-AI Filing Summary
Kilroy Realty Corporation insider A. Robert Paratte, Executive Vice President and Chief Leasing Officer, reported acquisitions of company equity on 10/08/2025. The filing shows 333.886 shares of common stock were acquired at a price of $0, bringing the reporting person’s total direct beneficial ownership to 84,394.7452 shares. The filing also records the crediting of restricted stock units (RSUs) for dividend equivalents: 368.3971 and 389.1326 RSUs were added, each representing a contingent right to one share, increasing underlying derivative holdings to 368.3971 and 389.1326 shares respectively. The RSUs relate to performance awards covering multi-year performance periods ending 12/31/2025 and 12/31/2026, and remain subject to time-based vesting.
Positive
- Alignment with shareholders via crediting of RSUs tied to performance periods ending 12/31/2025 and 12/31/2026
- Increased direct stake from acquisition of 333.886 common shares, bringing direct beneficial ownership to 84,394.7452 shares
- Dividend-equivalent crediting strengthened incentives without immediate cash payout (RSUs granted at $0 price)
Negative
- None.
Insights
TL;DR: Insider received dividend-equivalent RSUs and a small direct share grant, preserving long-term alignment.
The transaction consists of a direct acquisition of 333.886 common shares and the crediting of 757.5297 restricted stock units across two awards, each representing one share at settlement. These RSUs were credited as dividend equivalents to previously granted performance and time-based awards, which remain subject to their stated vesting schedules through 12/31/2026.
The arrangement keeps compensation tied to future performance and service: the 2023 award covers a performance period ending 12/31/2025 while the 2024 award ends 12/31/2026. Monitor vesting milestones and final performance outcomes at the end of those periods for potential additional share settlement over the indicated timelines.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 368.397 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 389.133 | $0.00 | -- |
| Grant/Award | Common stock, par value $0.01 per share | 333.886 | $0.00 | -- |
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 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 and 2024 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 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 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.