Kilroy Realty (NYSE: KRC) officer receives added RSUs and stock via dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stadler Lauren N reported acquisition or exercise transactions in this Form 4 filing.
Kilroy Realty Corp officer Lauren N. Stadler reported receiving additional equity-based compensation rather than trading shares on the market. On April 8, 2026, she was granted 130.2933 restricted stock units, each representing a contingent right to one share of common stock, tied to dividend equivalent rights on earlier awards.
On the same date, she also received 188.2630 shares of common stock as a grant associated with those dividend equivalents. After these awards, she directly holds 18,456.4864 common shares and 6,968.2770 restricted stock units. Footnotes explain these credits relate to performance units covering a three-year period ending December 31, 2026 and that the units remain subject to additional time-based vesting requirements.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Stadler Lauren N
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 130.293 | $0.00 | -- |
| Grant/Award | Common stock, par value $0.01 per share | 188.263 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 6,968.277 shares (Direct);
Common stock, par value $0.01 per share — 18,456.486 shares (Direct)
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 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 and 2025 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.
Key Figures
RSUs granted: 130.2933 units
Common shares granted: 188.2630 shares
Common shares held after: 18,456.4864 shares
+3 more
6 metrics
RSUs granted
130.2933 units
Restricted stock units granted April 8, 2026
Common shares granted
188.2630 shares
Common stock award April 8, 2026
Common shares held after
18,456.4864 shares
Direct common stock holdings after grants
RSUs held after
6,968.2770 units
Restricted stock units outstanding after grants
Transaction price
$0.0000 per share
Grant/award price for reported equity
Performance period end
December 31, 2026
Three-year performance units measurement period
Key Terms
dividend equivalent rights, restricted stock units, performance units, time-based vesting requirements, +1 more
5 terms
dividend equivalent rights financial
"Grant of restricted stock units in respect of dividend equivalent rights with respect to underlying restricted stock unit awards"
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.
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share of Issuer common stock"
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.
performance units financial
"The reporting person was awarded performance units in 2024 covering a three-year performance period ending December 31, 2026"
Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.
time-based vesting requirements financial
"The units remain subject to additional time-based vesting requirements"
Incentive Award Plan financial
"granted pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms of the applicable award agreement"
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 did Lauren N. Stadler report in this Form 4 for KRC?
Lauren N. Stadler reported receiving equity-based awards, not market trades. She was granted restricted stock units and common shares credited as dividend equivalents on prior awards, increasing her direct holdings and unvested units as part of Kilroy Realty’s incentive compensation.
How many restricted stock units did Stadler acquire in this KRC filing?
She acquired 130.2933 restricted stock units. These units were credited as dividend equivalent rights tied to earlier restricted stock unit awards and performance units, and each unit represents a contingent right to receive one share of Kilroy Realty common stock if vesting conditions are met.
What is the nature of the restricted stock units reported by Stadler at KRC?
Each restricted stock unit represents a contingent right to receive one share of Kilroy Realty common stock. The units were credited as dividend equivalent rights on prior performance-based awards and remain subject to additional time-based vesting requirements through the performance period ending December 31, 2026.
Were Stadler’s KRC equity transactions open-market buys or sells?
No, the filing shows no open-market buys or sells. The transactions are coded as awards, reflecting grants and credits of restricted stock units and common shares as dividend equivalents under Kilroy Realty’s 2006 Incentive Award Plan, rather than discretionary trading activity in the market.
What performance period is tied to Stadler’s KRC performance units?
The performance units referenced cover a three-year performance period ending December 31, 2026. The reported restricted stock units reflect additional minimum units eligible to vest from dividend equivalent credits, with the awards still subject to further time-based vesting requirements before settlement.