Justin William Smart - 04 Feb 2025 Form 4 Insider Report for KILROY REALTY CORP (KRC)

Role
President
Signature
/s/ Heidi R. Roth, as attorney-in-fact for Justin William Smart
Issuer symbol
KRC
Transactions as of
04 Feb 2025
Net transactions value
-$95,747
Form type
4
Filing time
06 Feb 2025, 16:34:34 UTC
Previous filing
10 Jan 2025
Next filing
19 Feb 2025

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 +49,208 +16% $0.000000 348,944 04 Feb 2025 Direct
transaction NYSE: KRC Common stock, par value $0.01 per share Tax liability $95,747 -2,578 -0.74% $37.14 346,366 05 Feb 2025 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 +29,124 +45% $0.000000 93,449 04 Feb 2025 Common Stock 29,124 Direct F2, F3
transaction NYSE: KRC Restricted Stock Units Award $0 +46,731 +50% $0.000000 140,180 04 Feb 2025 Common Stock 46,731 Direct F2, F4
transaction NYSE: KRC Restricted Stock Units Options Exercise $0 -49,209 -35% $0.000000 90,971 04 Feb 2025 Common Stock 49,209 Direct F2, F5
* 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 2022 covering a three-year performance period ending December 31, 2024. 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 2023 and 2024 performance.
F4 The reporting person was awarded performance units in 2024 covering a three-year performance period ending December 31, 2026. The number of units reported reflects the minimum number of units eligible to vest based on 2024 performance. The units remain subject to additional time-based vesting requirements. Up to an additional 93,461.3406 units may vest for the three-year performance period based on the Issuer's performance for that three-year period.
F5 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, 2025) was determined based on a three-year performance period ending December 31, 2024. The units are payable in shares of the Issuer's common stock.