Eliott Trencher - Feb 4, 2025 Form 4 Insider Report for KILROY REALTY CORP (NYSE: KRC)

Role
EVP, Chief Investment Officer
Signature
/s/ Heidi R. Roth, as attorney-in-fact for Eliott Trencher
Stock symbol
NYSE: KRC
Transactions as of
Feb 4, 2025
Transactions value $
-$172,107
Form type
4
Date filed
2/6/2025, 04:34 PM
Previous filing
Jan 10, 2025
Next filing
Feb 19, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYSE: KRC Common stock, par value $0.01 per share Options Exercise $0 +12.9K +44% $0.00 42.4K Feb 4, 2025 Direct
transaction NYSE: KRC Common stock, par value $0.01 per share Tax liability -$172K -4.63K -10.93% $37.14 37.7K Feb 5, 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NYSE: KRC Restricted Stock Units Award $0 +7.66K +31.17% $0.00 32.3K Feb 4, 2025 Common Stock 7.66K Direct F2, F3
transaction NYSE: KRC Restricted Stock Units Award $0 +22.4K +69.54% $0.00 54.7K Feb 4, 2025 Common Stock 22.4K Direct F2, F4
transaction NYSE: KRC Restricted Stock Units Options Exercise $0 -12.9K -23.68% $0.00 41.7K Feb 4, 2025 Common Stock 12.9K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common stock tendered to pay tax withholding.
F2 Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
F3 The reporting person was awarded performance units in 2022 covering a three-year performance period ending December 31, 2024. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2022 performance. The number of units reported reflects the additional number of units that vested based on 2023 and 2024 performance.
F4 The reporting person was awarded performance units in 2024 covering a three-year performance period ending December 31, 2026. The number of units reported reflects the minimum number of units eligible to vest based on 2024 performance. The units remain subject to additional time-based vesting requirements. Up to an additional 44,861.2521 units may vest for the three-year performance period based on the Issuer's performance for that three-year period.
F5 The performance units were awarded in 2022 and the final number of units subject to the award (as adjusted for dividend equivalents through January 31, 2025) was determined based on a three-year performance period ending December 31, 2024. The units are payable in shares of the Issuer's common stock.