Form 4: Kilroy Realty Director Edward F. Brennan Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Edward F. Brennan reports acquiring dividend equivalent rights related to previously reported restricted stock units in Kilroy Realty.
Summary
- Edward F. Brennan, a director of Kilroy Realty Corporation, filed a Form 4 on July 12, 2024, reporting a transaction on July 10, 2024.
- The transaction involved the acquisition of 401.2054 shares of common stock due to dividend equivalent rights related to previously reported restricted stock units.
- Brennan also reported owning 31,971.0062 shares of common stock directly and 8,214 shares indirectly through the Brennan Family Trust.
- The dividend equivalent rights were granted pursuant to the Kilroy Realty 2006 Incentive Award Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine transactions related to executive compensation.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
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
| Date | Description |
|---|---|
| 07/10/2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| 07/12/2024 | Date of Form 4 filing. |
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