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KILROY REALTY CORP·4

Feb 9, 7:46 PM ET

Trencher Eliott 4

Research Summary

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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.