Form 4: Kilroy Realty Director Acquires Additional Shares Through Dividend Equivalent Rights

Kilroy Realty Corp. Director Daryl J. Carter acquired 185.3499 shares of common stock on July 9, 2025, through a grant of restricted stock units related to dividend equivalent rights.

Summary

• Daryl J. Carter, a Director of Kilroy Realty Corp. (NYSE: KRC), acquired 185.3499 shares of common stock.
• The acquisition occurred on July 9, 2025, at a price of $0 per share, indicating a grant rather than a purchase.
• This grant represents restricted stock units (RSUs) in respect of dividend equivalent rights (DERs) on previously awarded RSUs.
• The transaction was made pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms of the applicable award agreement.
• Following this transaction, Daryl J. Carter beneficially owns 12,356.6594 shares of Kilroy Realty Corp. common stock.

Sentiment

Score: 7

Explanation: The transaction is a routine grant of shares to a director as part of compensation, which increases their beneficial ownership. This is generally viewed as a positive alignment of interests between management and shareholders, though it is a standard, non-discretionary event.

Positives

• Director Daryl J. Carter increased his beneficial ownership in Kilroy Realty Corp. by 185.3499 shares, aligning his interests further with shareholders.
• The acquisition of shares through dividend equivalent rights demonstrates the ongoing value accrual from previously granted equity awards, reflecting a standard component of executive compensation.

Future Outlook

This Form 4 filing pertains to a specific insider transaction and does not provide forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing details a routine insider transaction for Kilroy Realty Corp., specifically a director's acquisition of shares through an equity compensation plan. It does not provide information relevant to broader industry trends or competitive landscape analysis.

Related Party Transactions

• The grant of restricted stock units to Director Daryl J. Carter is a related party transaction, consistent with the company's established Kilroy Realty 2006 Incentive Award Plan.

Stakeholder Impact

• Shareholders: Increased alignment of Director Daryl J. Carter's interests with shareholders due to increased equity ownership.

Key Dates

Recommendation

Keywords

Kilroy Realty Corp, KRC, Form 4, insider transaction, director, stock acquisition, restricted stock units, dividend equivalent rights, equity compensation