Paratte A. Robert 4

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.