Form 4: Kennedy-Wilson Holdings CFO Justin Enbody Reports Stock Transactions Following Vesting of Performance-Based Restricted Shares
SEC Form 4 Filing
Chief Financial Officer of Kennedy-Wilson Holdings, Justin Enbody, reports acquisition and disposal of common stock related to the vesting of performance-based restricted shares to satisfy tax obligations.
Summary
- On February 26, 2025, Justin Enbody, the CFO of Kennedy-Wilson Holdings, acquired 7,936 shares of common stock at $0 following the vesting of performance-based restricted shares.
- He also acquired 9,763 shares of common stock at $0 on the same day due to the vesting of additional performance-based restricted shares.
- A total of 8,187 shares were withheld by the company to cover tax obligations related to the vesting of 16,123 shares.
- Additionally, 10,073 shares were withheld to cover tax obligations related to the vesting of 19,836 shares.
- Following these transactions, Enbody beneficially owns 884,180 shares of Kennedy-Wilson Holdings common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation and performance.
Positives
- The vesting of performance-based restricted shares indicates that the company met certain performance targets.
Industry Context
Form 4 filings are standard practice for company insiders reporting transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The vesting of shares and subsequent tax withholding may have a minor impact on the company's cash flow.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction (acquisition/disposal of shares). |
| 02/28/2025 | Date of signature for the Form 4 filing. |
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