Eliott Trencher - Jan 31, 2023 Form 4 Insider Report for KILROY REALTY CORP (KRC)

Role: EVP, CFO & CIO
Signature: /s/ Tyler H. Rose, as attorney-in-fact for Eliott Trencher
Stock symbol: KRC
Transactions as of: Jan 31, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/2/2023, 07:47 PM
Previous filing: Jan 13, 2023
Next filing: Feb 8, 2023

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	+4.66K		$0.00	4.66K	Jan 31, 2023	Restricted Stock Units	4.66K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
F2	The reporting person was awarded performance units in 2022 covering a three-year performance period ending December 31, 2024. The number of units reported reflects the minimum number of units eligible to vest based on 2022 performance. The units remain subject to additional time-based vesting requirements. Up to an additional 9,322.4305 units may vest for the three-year performance period based on the Issuer's performance for that three-year period.

Content

Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.

The reporting person was awarded performance units in 2022 covering a three-year performance period ending December 31, 2024. The number of units reported reflects the minimum number of units eligible to vest based on 2022 performance. The units remain subject to additional time-based vesting requirements. Up to an additional 9,322.4305 units may vest for the three-year performance period based on the Issuer's performance for that three-year period.