John B. Kilroy Jr. - 01 Feb 2024 Form 4 Insider Report for KILROY REALTY CORP (KRC)

Role: Director
Signature: /s/ Heidi R. Roth, as attorney-in-fact for John B. Kilroy, Jr.
Issuer symbol: KRC
Transactions as of: 01 Feb 2024
Net transactions value: -$2,184,406
Form type: 4
Filing time: 05 Feb 2024, 21:39:58 UTC
Previous filing: 12 Jan 2024
Next filing: 12 Apr 2024
SEC: View on sec.gov

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	Options Exercise	$0	+273,358	+36%	$0.000000	1,039,777	01 Feb 2024	Direct
transaction	NYSE: KRC	Common stock, par value $0.01 per share	Options Exercise	$0	+217,166	+21%	$0.000000	1,256,943	01 Feb 2024	Direct
transaction	NYSE: KRC	Common stock, par value $0.01 per share	Options Exercise	$0	+416,979	+33%	$0.000000	1,673,922	01 Feb 2024	Direct
transaction	NYSE: KRC	Common stock, par value $0.01 per share	Tax liability	$2,184,406	-62,057	-3.7%	$35.20	1,611,865	02 Feb 2024	Direct	F1

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	+227,799	+264%	$0.000000	313,950	01 Feb 2024	Common Stock	227,799		Direct	F2, F3
transaction	NYSE: KRC	Restricted Stock Units	Award	$0	+176,574	+56%	$0.000000	490,525	01 Feb 2024	Common Stock	176,574		Direct	F2, F4
transaction	NYSE: KRC	Restricted Stock Units	Award	$0	+416,980	+85%	$0.000000	907,504	01 Feb 2024	Common Stock	416,980		Direct	F2, F5
transaction	NYSE: KRC	Restricted Stock Units	Options Exercise	$0	-273,359	-30%	$0.000000	634,146	01 Feb 2024	Common Stock	273,359		Direct	F2, F6
transaction	NYSE: KRC	Restricted Stock Units	Options Exercise	$0	-217,166	-34%	$0.000000	416,980	01 Feb 2024	Common Stock	217,166		Direct	F2, F7
transaction	NYSE: KRC	Restricted Stock Units	Options Exercise	$0	-416,980	-100%	$0.000000^*	0	01 Feb 2024	Common Stock	416,980		Direct	F2, F8

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

Explanation of Responses:

Id	Content
F1	Restricted stock units tendered to pay tax withholding.
F2	Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
F3	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.
F4	The reporting person was awarded performance units in 2022. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2022 performance. The number of units reported reflects the additional number of units that vested based on performance through the reporting person's January 21, 2024 retirement date.
F5	The reporting person was awarded performance units in 2023. The number of units reported reflects the number of units that vested based on performance through the reporting person's January 21, 2024 retirement date.
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.
F7	The performance units were awarded in 2022 and the final number of units subject to the award (as adjusted for dividend equivalents through January 31, 2024) was determined based on a performance period ending on the reporting person's January 21, 2024 retirement date. The units are payable in shares of the Issuer's common stock.
F8	The performance units were awarded in 2023 and the final number of units subject to the award (as adjusted for dividend equivalents through January 31, 2024) was determined based on a performance period ending on the reporting person's January 21, 2024 retirement date. The units are payable in shares of the Issuer's common stock.