Form 4: Kilroy Realty Director Receives RSU Grant

Kilroy Realty Corporation director Gary R. Stevenson was granted 477.8549 restricted stock units as dividend equivalent rights.

Summary

• Gary R. Stevenson, a Director of Kilroy Realty Corporation (NYSE: KRC), acquired 477.8549 shares of common stock.
• The transaction occurred on October 8, 2025, at a price of $0 per share.
• This acquisition represents a grant of restricted stock units (RSUs) for dividend equivalent rights.
• These RSUs are related to underlying restricted stock unit awards previously reported on Table I.
• The grant was made pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms of the applicable award agreement.
• Following this transaction, Mr. Stevenson beneficially owns 37,122.2483 shares of common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-cash equity grant to a director as part of a compensation plan, which is a neutral event in terms of immediate market sentiment. It aligns director interests with shareholders but does not indicate significant operational or financial news.

Positives

• The director received additional equity in the company, further aligning his interests with those of shareholders.
• The grant of restricted stock units for dividend equivalent rights is a standard component of executive and director compensation plans, reflecting ongoing commitment.

Negatives

• No direct negatives are apparent from this routine compensation-related filing.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Industry Context

This is a routine insider transaction filing, common across all publicly traded companies, reflecting standard equity compensation practices for directors. It does not provide broader industry trend insights specific to the real estate sector.

Comparison to Industry Standards

• This is a standard grant of restricted stock units for dividend equivalent rights, a common practice in director compensation across various industries, including real estate investment trusts (REITs) like Kilroy Realty. No specific comparable companies, projects, or results are mentioned in the filing.

Related Party Transactions

• Gary R. Stevenson, a Director of Kilroy Realty Corporation, received a grant of restricted stock units, which constitutes a transaction between the company and a related party (an insider).

Stakeholder Impact

• Shareholders: The grant aligns the director's interests with shareholders by increasing his equity stake in the company.
• Director (Gary R. Stevenson): Receives additional equity compensation, increasing his beneficial ownership in the company.

Key Dates

Keywords

Kilroy Realty Corp, KRC, Gary R. Stevenson, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Dividend Equivalent Rights, Director Compensation, Equity Compensation