Form 4: Kilroy Realty Executive John Osmond Reports Changes in Beneficial Ownership
SEC Form 4
John Osmond, EVP, Head of Asset Management at Kilroy Realty Corp, reports transactions involving common stock and restricted stock units.
Summary
- On April 10, 2024, John Osmond, EVP, Head of Asset Management at Kilroy Realty Corporation, reported changes in beneficial ownership.
- The transactions involved common stock and restricted stock units.
- Osmond acquired 138.6047 shares of common stock at $0 and disposed of 11,300.8899 shares.
- He also acquired 59.2191 and 98.318 restricted stock units related to dividend equivalent rights, with prices at $0.
- These restricted stock units are associated with performance units awarded in 2022 and 2023, covering three-year performance periods ending December 31, 2024, and December 31, 2025, respectively.
- The reported number of units reflects the additional minimum number of units eligible to vest due to the crediting of restricted stock units in respect of dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Future Outlook
The performance units are subject to time-based vesting requirements and depend on performance over the three-year periods ending 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 to investors regarding the alignment of management's interests with those of shareholders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- It assures stakeholders that management's interests are aligned with those of the shareholders through equity-based compensation.
Key Dates
| Date | Description |
|---|---|
| 04/10/2024 | Date of earliest transaction and the date of the reported transactions involving common stock and restricted stock units. |
| 12/31/2024 | End date of the three-year performance period for performance units awarded in 2022. |
| 12/31/2025 | End date of the three-year performance period for performance units awarded in 2023. |
| 04/12/2024 | Date of signature for the report. |
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