John B. Kilroy Jr - Jan 11, 2023 Form 4 Insider Report for KILROY REALTY CORP (KRC)

Role: Chairman and CEO, Director
Signature: /s/ Tyler H. Rose, as attorney-in-fact for John B. Kilroy, Jr.
Stock symbol: KRC
Transactions as of: Jan 11, 2023
Transactions value $: -$2,790,933
Form type: 4
Date filed: 1/13/2023, 04:09 PM
Previous filing: Oct 13, 2022
Next filing: Feb 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KRC	Common stock, par value $0.01 per share	Award	$0	+6.14K	+0.68%	$0.00	904K	Jan 11, 2023	Direct	F1
transaction	KRC	Common stock, par value $0.01 per share	Tax liability	-$2.79M	-68.6K	-7.59%	$40.68	835K	Jan 13, 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KRC	Restricted Stock Units	Award	$0	+318	+0.22%	$0.00	145K	Jan 11, 2023	Common Stock	318		Direct	F3, F4, F5
transaction	KRC	Restricted Stock Units	Award	$0	+576	+0.4%	$0.00	145K	Jan 11, 2023	Common Stock	576		Direct	F3, F4, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant of restricted stock units in respect of dividend equivalent rights with respect to underlying restricted stock unit awards previously reported on Table I, which were granted pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms of the applicable award agreement.
F2	Common stock tendered to pay tax withholding.
F3	Crediting of restricted stock units in respect of dividend equivalent rights with respect to underlying restricted stock unit awards previously reported on Table II, which were granted pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms of the applicable award agreement.
F4	Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
F5	The reporting person was awarded performance units in 2020 covering a three-year performance period ending December 31, 2022. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2020 and 2021 performance. The number of units reported reflects the additional minimum number of units eligible to vest as a result of the crediting of restricted stock units in respect of dividend equivalent rights. The units remain subject to additional time-based vesting requirements.
F6	The reporting person was awarded performance units in 2021 covering a three-year performance period ending December 31, 2023. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2021 performance. The number of units reported reflects the additional minimum number of units eligible to vest as a result of the crediting of restricted stock units in respect of dividend equivalent rights. The units remain subject to additional time-based vesting requirements.