Form 4: Kilroy Realty Corp Director Ingraham Reports Dividend Equivalent Rights Transaction

Director Scott S. Ingraham reports the acquisition of dividend equivalent rights related to previously reported restricted stock units in Kilroy Realty Corp.

Summary

• On October 9, 2024, Scott S. Ingraham, a director of Kilroy Realty Corp, reported a transaction involving dividend equivalent rights.
• These rights are related to underlying restricted stock unit awards previously reported on Table I.
• Ingraham acquired 665.5248 shares of common stock, par value $0.01 per share, at a price of $0.
• Following the transaction, Ingraham beneficially owns 59,901.1536 shares.
• The grant was made pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms of the applicable award agreement.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reports a standard transaction related to executive compensation. It's a routine filing and doesn't indicate any significant positive or negative developments.

Positives

• The transaction reflects continued participation in the company's incentive award plan by a director.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies like Kilroy Realty Corp.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded REITs like Kilroy Realty Corp (KRC).
• Companies such as Boston Properties (BXP) and Equity Residential (EQR) also utilize restricted stock units and dividend equivalent rights as part of their executive compensation packages.
• The specific terms and amounts of these grants vary based on company performance, individual contributions, and overall compensation strategy.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to executive compensation and does not significantly alter the company's financial position.

Key Dates