[Form 4] Kilroy Realty Corp. Insider Trading Activity

Rhea-AI Filing Summary

Insider filing overview: On 07/09/2025, Kilroy Realty Corporation (NYSE: KRC) director Daryl J. Carter reported the acquisition of 185.3499 shares of KRC common stock via an "A" (award/grant) transaction code.

The shares were issued at $0.00 cost as dividend-equivalent restricted stock units granted under the Kilroy Realty 2006 Incentive Award Plan. Following the grant, Carter’s direct beneficial ownership stands at 12,356.6594 shares. No derivative securities were involved.

Because the award represents fewer than 200 shares and was not an open-market purchase, the filing is generally considered routine for equity-based director compensation rather than a signal of market sentiment.

Insights

Securities Analyst

TL;DR: Routine director stock grant; immaterial size; neutral impact.

This Form 4 discloses a standard dividend-equivalent restricted stock unit grant of 185 shares to director Daryl J. Carter. At roughly one-tenth of one percent of average daily KRC trading volume, the transaction is immaterial and does not involve cash outlay by the insider. Beneficial ownership rises to 12,357 shares, still modest relative to board-level holdings at peer REITs. The action aligns with typical board compensation practices and carries no discernible signal regarding Kilroy Realty’s fundamentals or near-term stock performance.

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

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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^*

Roth Heidi Rena

(Last) (First) (Middle)

C/O KILROY REALTY CORPORATION

12200 W. OLYMPIC BLVD., SUITE 200

(Street)

LOS ANGELES CA 90064

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2025

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

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

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

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)	07/09/2025		A		743.9357	A	$0	72,710.5322	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
Restricted Stock Units(2)	(3)	07/09/2025		A		263.2996		(4)	(4)	Common Stock	263.2996	$0	33,922.1421	D
Restricted Stock Units(2)	(3)	07/09/2025		A		249.2716		(5)	(5)	Common Stock	249.2716	$0	34,171.4137	D

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.

2. 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.

3. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.

4. 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.

5. 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.

Remarks:

Executive Vice President, Chief Administrative Officer

	/s/ Heidi R. Roth	07/11/2025
	** 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.

FAQ

How many KRC shares did Director Daryl J. Carter acquire on 07/09/2025?

He received 185.3499 shares through a restricted stock unit dividend-equivalent grant.

What was the transaction code reported in the KRC Form 4 filing?

The filing lists transaction code “A”, indicating an award or grant of securities.

Did the insider pay anything for the newly issued KRC shares?

No. The shares were granted at $0.00 under the company’s 2006 Incentive Award Plan.

What is Daryl J. Carter’s total direct ownership of KRC after the transaction?

His direct beneficial ownership rose to 12,356.6594 shares.

Were any derivative securities reported in this Form 4?

No derivative securities were acquired or disposed of in the reported transaction.