Trencher Eliott 4
4 · KILROY REALTY CORP · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
Kilroy Realty (KRC) EVP/CIO Eliott Trencher Receives Awards, Exercises
What Happened
- Eliott Trencher, EVP and Chief Investment Officer of Kilroy Realty (KRC), was awarded restricted stock units (RSUs) and performance units and converted/exercised derivative awards on Feb 5, 2026. Several awards were granted at $0 (standard equity awards), and 58,515 units were converted/exercised. To satisfy tax withholding, 27,125 shares were tendered/disposed at $34.31 each, generating $930,659.
Key Details
- Transaction date: 2026-02-05; Form filed 2026-02-09 (timely filing).
- Awards/grants (A): 10,930 RSUs (priced $0); 38,035.255 and 22,564.392 performance-unit related awards (priced $0; reported as derivative awards).
- Exercise/conversion (M): 58,515 units converted/exercised (reported at $0).
- Tax withholding (F): 27,125 shares disposed at $34.31 to cover withholding — proceeds $930,659 (footnote indicates RSUs were tendered to pay tax withholding).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes:
- RSUs granted under the Kilroy Realty 2006 Incentive Award Plan; RSUs carry dividend equivalents (F1, F3).
- Some units reflect vesting of 2023 performance awards (three-year period ended 12/31/2025) and additional vesting based on 2024–2025 results (F4, F6).
- A 2025 performance-unit award provides a minimum vest and is subject to further time- and performance-based vesting; up to 45,128.78 additional units may vest (F5).
- Transaction codes meaning: A = Award/Grant, M = Exercise/Conversion of derivative, F = Payment to satisfy tax withholding.
Context
- This filing primarily documents awards and vesting (acquisitions) plus a tax-related disposition — common for equity compensation. The conversion/exercise of units followed by the tendering of shares to cover taxes is a routine, non-open-market sale to satisfy withholding obligations, not an active directional trade by the insider.
- The performance units are payable in shares and some awards are performance- and time-contingent; additional shares may vest in future periods depending on company performance and vesting schedules.
Insider Transaction Report
Form 4
KILROY REALTY CORPNYSE: KRC
Trencher Eliott
EVP, Chief Investment Officer
Transactions
- Award
Common stock, par value $0.01 per share
[F1]2026-02-05+10,930→ 51,489.292 total - Exercise/Conversion
Common stock, par value $0.01 per share
2026-02-05+58,515→ 110,004.292 total - Tax Payment
Common stock, par value $0.01 per share
[F2]2026-02-05$34.31/sh−27,125$930,659→ 82,879.292 total - Award
Restricted Stock Units
[F3][F4]2026-02-05+38,035.255→ 82,312.335 total→ Common Stock (38,035.255 underlying) - Award
Restricted Stock Units
[F3][F5]2026-02-05+22,564.392→ 104,876.726 total→ Common Stock (22,564.392 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6]2026-02-05−58,515→ 46,361.726 total→ Common Stock (58,515 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 45,128.78 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.
Signature
/s/ Heidi R. Roth, as attorney-in-fact for Eliott Trencher|2026-02-09