Form 4: Kilroy Realty Executive John Osmond Reports Changes in Beneficial Ownership

John Osmond, EVP, Head of Asset Management at Kilroy Realty Corp, reports transactions involving restricted stock units and common stock related to dividend equivalent rights.

Summary

• On October 9, 2024, John Osmond, EVP, Head of Asset Management at Kilroy Realty Corporation, reported changes in beneficial ownership.
• These changes involve the acquisition and disposal of common stock and restricted stock units due to dividend equivalent rights.
• Osmond acquired 126.9086 shares of common stock at $0 and disposed of 8,944.7541 shares.
• He also acquired 54.222 and 90.0215 restricted stock units, each representing a contingent right to receive one share of Kilroy Realty common stock, also at $0.
• These restricted stock units are related to performance units awarded in 2022 and 2023, with performance periods ending December 31, 2024, and December 31, 2025, respectively.
• The reported transactions reflect the crediting of restricted stock units in respect of dividend equivalent rights on previously reported awards.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which is neutral in sentiment. It reflects routine compensation practices.

Future Outlook

The document does not contain explicit forward-looking statements, but it does reference performance units vesting based on performance through December 31, 2024, and December 31, 2025.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Kilroy Realty. It provides transparency into the holdings and transactions of key personnel.

Comparison to Industry Standards

• Executive compensation practices, including the use of restricted stock units and performance-based awards, are common among publicly traded REITs like Kilroy Realty.
• Companies such as Boston Properties (BXP) and Alexandria Real Estate Equities (ARE) also utilize similar equity-based compensation plans to align executive incentives with shareholder value.
• The specific terms of the awards, such as vesting schedules and performance metrics, can vary widely based on company-specific factors and industry benchmarks.

Stakeholder Impact

• Shareholders are informed about the equity holdings and transactions of a key executive.
• This disclosure provides transparency regarding executive compensation and alignment with company performance.

Key Dates