Paratte A. Robert 4
4 · KILROY REALTY CORP · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
Kilroy Realty (KRC) EVP Paratte Exercises/Receives Awards, Surrenders Shares
What Happened
Paratte A. Robert, Executive Vice President and Chief Leasing Officer of Kilroy Realty (KRC), had multiple equity award and conversion transactions on Feb 5, 2026. She converted/exercised 82,897 derivative units into common shares, received 12,796 restricted stock units (RSUs), and was granted additional performance-unit awards of 53,883.471 and 29,060.237 units. To satisfy tax withholding, 40,094 shares were tendered/disposed at $34.31 per share for proceeds of $1,375,625 (reported as tax-related disposition).
Key Details
- Transaction date: 2026-02-05; Form 4 filed 2026-02-09 (within the normal 2-business-day filing window).
- Shares/conversions reported:
- 12,796 RSUs awarded (each RSU = 1 share; carries dividend equivalents).
- 82,897 derivative units exercised/converted into common stock (reported at $0.00 exercise price).
- Performance-unit awards: 53,883.471 and 29,060.237 units granted (derivative).
- Withholding/tax disposition: 40,094 shares surrendered at $34.31 for $1,375,625 to cover taxes. (Footnote indicates RSUs/units tendered to pay tax withholding.)
- Shares owned after the transactions: not specified in the filing excerpt.
- Notable footnotes: awards include RSUs and multi-year performance units (some from 2023 and 2025 performance programs). The 2023 award final payout was adjusted for performance through 2025; the 2025 award reflects the minimum eligible units and remains subject to further time- and performance-based vesting (up to an additional 58,120.47 units).
Context
This was primarily award conversion and withholding for tax purposes—not an open-market sale. Converting performance units/RSUs into shares and surrendering a portion to cover taxes is a routine administrative step and does not necessarily signal a change in the insider’s view of the company. The filing appears timely.
Insider Transaction Report
- Award
Common stock, par value $0.01 per share
[F1]2026-02-05+12,796→ 92,588.968 total - Exercise/Conversion
Common stock, par value $0.01 per share
2026-02-05+82,897→ 175,485.968 total - Tax Payment
Common stock, par value $0.01 per share
[F2]2026-02-05$34.31/sh−40,094$1,375,625→ 135,391.968 total - Award
Restricted Stock Units
[F3][F4]2026-02-05+53,883.471→ 113,545.056 total→ Common Stock (53,883.471 underlying) - Award
Restricted Stock Units
[F3][F5]2026-02-05+29,060.237→ 142,605.294 total→ Common Stock (29,060.237 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6]2026-02-05−82,897→ 59,708.294 total→ Common Stock (82,897 underlying)
Footnotes (6)
- [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 2023 covering a three-year performance period ending December 31, 2025. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2023 performance. The number of units reported reflects the additional number of units that vested based on 2024 and 2025 performance.
- [F5]The reporting person was awarded performance units in 2025 covering a three-year performance period ending December 31, 2027. The number of units reported reflects the minimum number of units eligible to vest based on 2025 performance. The units remain subject to additional time-based vesting requirements. Up to an additional 58,120.47 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 2023 and the final number of units subject to the award (as adjusted for dividend equivalents through January 31, 2026) was determined based on a three-year performance period ending December 31, 2025. The units are payable in shares of the Issuer's common stock.