Kilroy Realty (NYSE: KRC) director gains additional RSUs via dividend equivalents

Rhea-AI Filing Summary

KIESKE DAVID ANDREW reported acquisition or exercise transactions in this Form 4 filing.

Kilroy Realty Corp director David Andrew Kieske received a grant of 107.3864 shares of common stock as restricted stock units, recorded at a price of $0.0000 per share. These RSUs were issued as dividend equivalent rights tied to previously granted restricted stock unit awards under the Kilroy Realty 2006 Incentive Award Plan, bringing his directly held position to 7,731.8176 shares.

Insights

Equity Compensation Analyst

Routine equity compensation accrual via dividend-equivalent RSUs.

Director David Andrew Kieske received 107.3864 restricted stock units as dividend equivalent rights linked to earlier RSU awards, with a stated price of $0.0000 per share. This reflects standard board compensation mechanics rather than an open-market purchase.

After the grant, he directly holds 7,731.8176 common shares, showing ongoing equity alignment with shareholders through stock-based awards. No derivative exercises, tax withholdings, or sales are reported in this filing, so the economic impact is limited to increased ownership.

Insider Trade Summary

Net Buyer: 107.3864 shares

Net Buy 1 txn

Insider KIESKE DAVID ANDREW

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common stock, par value $0.01 per share F1	107.3864	$0.00	$0.00

Holdings After Transaction: Common stock, par value $0.01 per share — 7,731.8176 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

RSUs granted: 107.3864 shares Grant price per share: $0.0000 Total shares after transaction: 7,731.8176 shares

3 metrics

RSUs granted 107.3864 shares Restricted stock units granted as dividend equivalent rights

Grant price per share $0.0000 Stated transaction price for the RSU grant

Total shares after transaction 7,731.8176 shares Common shares directly held by David Andrew Kieske after the award

Key Terms

restricted stock units, dividend equivalent rights, 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.

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.

FAQ

What transaction did KILROY REALTY CORP (KRC) report for David Andrew Kieske?

KILROY REALTY CORP reported that director David Andrew Kieske received a grant of 107.3864 restricted stock units of common stock. The award reflects dividend equivalent rights tied to prior RSU awards under the Kilroy Realty 2006 Incentive Award Plan.

Was the Form 4 transaction in KRC an open-market buy or sell?

The Form 4 for KRC shows a grant/award acquisition, not an open-market buy or sell. Kieske received restricted stock units at a reported price of $0.0000 per share as part of his equity compensation.

How many KRC shares does David Andrew Kieske hold after this Form 4 transaction?

Following the reported grant, David Andrew Kieske directly holds 7,731.8176 shares of KILROY REALTY CORP common stock. This total includes the additional 107.3864 restricted stock units credited as dividend equivalent rights.

What is the nature of the 107.3864 restricted stock units reported for KRC?

The 107.3864 units are restricted stock units in respect of dividend equivalent rights. They relate to underlying RSU awards previously reported, granted under the Kilroy Realty 2006 Incentive Award Plan and governed by the applicable award agreement.

Does KRC receive any cash from the restricted stock unit grant to David Andrew Kieske?

The filing states a transaction price of $0.0000 per share for the 107.3864 restricted stock units. This indicates the grant is a non-cash equity compensation award rather than a capital-raising transaction for KILROY REALTY CORP.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 05:42 PM Accepted by SEC EDGAR 07/10/2026 - 05:42 PM Learn about SEC filing dates

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^*

KIESKE DAVID ANDREW

(Last) (First) (Middle)

C/O KILROY REALTY CORPORATION

12200 W. OLYMPIC BLVD., STE. 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)
07/08/2026

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)	07/08/2026		A		107.3864	A	$0	7,731.8176	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:

Exhibit 24 - Power of Attorney for David Kieske

	/s/ Lauren N. Stadler, as attorney-in-fact for David Kieske	07/10/2026
	** 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)