Schwartz Sherrie Sage 4
Research Summary
AI-generated summary
Kilroy Realty (KRC) EVP Sherrie Sage Schwartz Receives Award
What Happened
- Sherrie Sage Schwartz, Executive Vice President & Chief Human Resources Officer of Kilroy Realty Corp (NYSE: KRC), received equity awards on Feb 5, 2026. The filing shows (A) 2,806 restricted stock units (RSUs) granted and (A, derivative) 6,328.755 performance-based RSUs granted. All awards are shown at $0.00 price (awards rather than purchases), so no cash was exchanged.
Key Details
- Transaction date: February 5, 2026; Form 4 filed February 9, 2026 (filed within SEC’s two-business-day rule).
- Reported items: 2,806 RSUs (restricted stock units) and 6,328.755 performance RSUs (derivative) were awarded; both reported at $0.00.
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes:
- Awards granted under the Kilroy Realty 2006 Incentive Award Plan; each RSU carries dividend equivalents (F1).
- Each RSU represents a contingent right to one share of common stock (F2).
- The 6,328.755 units are performance units covering a three-year performance period ending Dec 31, 2027. The reported number reflects the minimum eligible to vest based on 2025 performance; up to an additional 12,657.51 units may vest depending on final performance, and the units remain subject to additional time-based vesting (F3).
- Role note: Reporting person is EVP & Chief Human Resources Officer (from Remarks).
Context
- These transactions are awards/compensation, not open-market purchases or sales. Awards are compensation and subject to vesting and performance conditions; they do not by themselves signal insider buying or selling intent.
- The performance RSUs are contingent and may or may not convert into shares depending on future performance and vesting schedules; dividend equivalents are payable on these RSUs per the plan.