Justin William Smart - Feb 1, 2024 Form 4 Insider Report for KILROY REALTY CORP (NYSE: KRC)

Role
President
Signature
/s/ Heidi R. Roth, as attorney-in-fact for Justin William Smart
Stock symbol
NYSE: KRC
Transactions as of
Feb 1, 2024
Transactions value $
-$101,306
Form type
4
Date filed
2/5/2024, 09:39 PM
Previous filing
Jan 12, 2024
Next filing
Apr 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYSE: KRC Common stock, par value $0.01 per share Award $0 +19.5K +8.95% $0.00 238K Feb 1, 2024 Direct F1
transaction NYSE: KRC Common stock, par value $0.01 per share Options Exercise $0 +56.5K +23.78% $0.00 294K Feb 1, 2024 Direct
transaction NYSE: KRC Common stock, par value $0.01 per share Tax liability -$101K -2.88K -0.98% $35.20 291K Feb 2, 2024 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 NYSE: KRC Restricted Stock Units Award $0 +35.3K +86.75% $0.00 76.1K Feb 1, 2024 Common Stock 35.3K Direct F3, F4
transaction NYSE: KRC Restricted Stock Units Award $0 +41.6K +54.7% $0.00 118K Feb 1, 2024 Common Stock 41.6K Direct F3, F5
transaction NYSE: KRC Restricted Stock Units Options Exercise $0 -56.5K -48.04% $0.00 61.1K Feb 1, 2024 Common Stock 56.5K Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of restricted stock units granted pursuant to the Kilroy Realty 2006 Incentive Award Plan. Each restricted stock unit carries with it a right to receive dividend equivalents in respect of the share of stock underlying such restricted stock unit.
F2 Restricted stock units tendered to pay tax withholding.
F3 Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
F4 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 number of units that vested based on 2022 and 2023 performance.
F5 The reporting person was awarded performance units in 2023 covering a three-year performance period ending December 31, 2025. The number of units reported reflects the minimum number of units eligible to vest based on 2023 performance. The units remain subject to additional time-based vesting requirements. Up to an additional 83,207.1031 units may vest for the three-year performance period based on the Issuer's performance for that three-year period.
F6 The performance units were awarded in 2021 and the final number of units subject to the award (as adjusted for dividend equivalents through January 31, 2024) was determined based on a three-year performance period ending December 31, 2023. The units are payable in shares of the Issuer's common stock.