William J. Mcmorrow - Jan 19, 2023 Form 4 Insider Report for Kennedy-Wilson Holdings, Inc. (KW)

Role
CHAIRMAN AND CEO, Director
Signature
/s/ William J. McMorrow
Stock symbol
KW
Transactions as of
Jan 19, 2023
Transactions value $
-$619,638
Form type
4
Date filed
1/23/2023, 03:37 PM
Previous filing
Jan 18, 2023
Next filing
Nov 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KW Common Stock Award $0 +122K +4.39% $0.00 2.9M Jan 19, 2023 Direct F1
transaction KW Common Stock Award $0 +164K +5.65% $0.00 3.07M Jan 19, 2023 Direct F2
transaction KW Common Stock Award $0 +66.7K +2.18% $0.00 3.13M Jan 20, 2023 Direct F3
transaction KW Common Stock Tax liability -$274K -16.4K -0.52% $16.68 3.12M Jan 20, 2023 Direct F4
transaction KW Common Stock Tax liability -$346K -20.4K -0.65% $16.98 3.1M Jan 23, 2023 Direct F4
holding KW Common Stock 8.5M Jan 19, 2023 By William J. McMorrow Revocable Trust
holding KW Common Stock 8.44K Jan 19, 2023 By John & Sons Retirement Trust
holding KW Common Stock 90.9K Jan 19, 2023 By wife
holding KW Common Stock 767K Jan 19, 2023 By son
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 19, 2023, 122,100 shares of time-based restricted stock units were granted to the reporting person pursuant to the registrant's Second Amended and Restated 2009 Equity Participation Plan (the "equity plan"). These awards will vest in three equal annual installments beginning on the first anniversary of the grant date. Performance-based restricted stock units that were awarded on the same date will be reported by the reporting person as such units vest.
F2 The reporting person was previously granted performance-based restricted stock units pursuant to the equity plan that vest if the registrant satisfies certain performance hurdles. On January 19, 2023, the performance hurdles were satisfied at levels which resulted in the vesting of a total of 325,223 shares, of which 161,246 shares were withheld by the registrant to satisfy tax withholding obligations.
F3 The reporting person was previously granted performance-based restricted stock units pursuant to the equity plan that vest if the registrant satisfies certain performance hurdles. On January 20, 2023, the performance hurdles were satisfied at levels which resulted in the vesting of a total of 132,315 shares, of which 65,601 shares were withheld by the registrant to satisfy tax withholding obligations.
F4 Shares held by Registrant to satisfy applicable tax withholding requirements on vesting of time-based vesting restricted stock awards. No shares were sold by the reporting person.