Form 4: Kilroy Realty EVP Eliott Trencher Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Eliott Trencher, EVP and Chief Investment Officer of Kilroy Realty, reports transactions involving common stock and restricted stock units related to dividend equivalent rights.
Summary
- On October 9, 2024, Eliott Trencher, EVP and Chief Investment Officer of Kilroy Realty Corporation, reported changes in beneficial ownership.
- These changes involve common stock and restricted stock units.
- Trencher acquired 252.3569 shares of common stock at $0 and disposed of 32,470.7307 shares.
- He also acquired 73.9368 and 270.0408 restricted stock units, both at a price of $0.
- These restricted stock units relate to dividend equivalent rights on previously reported awards.
- The performance units awarded in 2022 and 2023 are subject to time-based vesting requirements.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing, indicating neutral sentiment.
Future Outlook
The reporting person was awarded performance units in 2022 and 2023 covering a three-year performance period ending December 31, 2024 and December 31, 2025 respectively. The units remain subject to additional time-based vesting requirements.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 10/09/2024 | Date of earliest transaction and acquisition/disposal of securities. |
| 10/11/2024 | Date of signature for the report. |
| 12/31/2024 | End of the three-year performance period for 2022 performance units. |
| 12/31/2025 | End of the three-year performance period for 2023 performance units. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.