Heidi Rena Roth - 01 Feb 2024 Form 4 Insider Report for KILROY REALTY CORP (KRC)

Role
Executive Vice President & Chief Administrative Officer
Signature
/s/ Heidi R. Roth
Issuer symbol
KRC
Transactions as of
01 Feb 2024
Net transactions value
-$367,734
Form type
4
Filing time
05 Feb 2024, 21:40:56 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 Award $0 +7,103 +14% $0.000000 58,714 01 Feb 2024 Direct F1
transaction NYSE: KRC Common stock, par value $0.01 per share Options Exercise $0 +23,803 +41% $0.000000 82,517 01 Feb 2024 Direct
transaction NYSE: KRC Common stock, par value $0.01 per share Tax liability $367,734 -10,447 -13% $35.20 72,070 02 Feb 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 +14,877 +77% $0.000000 34,129 01 Feb 2024 Common Stock 14,877 Direct F3, F4
transaction NYSE: KRC Restricted Stock Units Award $0 +15,129 +44% $0.000000 49,258 01 Feb 2024 Common Stock 15,129 Direct F3, F5
transaction NYSE: KRC Restricted Stock Units Options Exercise $0 -23,803 -48% $0.000000 25,455 01 Feb 2024 Common Stock 23,803 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 Common stock 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 30,257.7101 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.

Remarks:

Executive Vice President & Chief Administrative Officer