Kilroy Realty President Tyler Rose to retire March 1, 2023; Justin Smart named successor

KILROY REALTY CORP

Tyler Rose to step down as President and Secretary on March 1, 2023; receives $1.2M cash, COBRA through Dec 2024, accelerated equity vesting.
Justin Smart appointed President effective March 1, 2023; previously President of Development and Construction Services.
Smart's base salary increased to $600,000 annually; target cash incentive raised to $900,000 effective 2023.
Rose to provide one year of transition support after separation date.

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