Form 4: Kennedy-Wilson Holdings Executive Michael Pegler Receives Stock Grant

Michael Pegler, President of KW Europe, received a grant of 69,828 time-based restricted stock units from Kennedy-Wilson Holdings.

Summary

• On January 29, 2025, Michael Pegler, President of KW Europe, received 69,828 shares of time-based restricted stock units.
• The grant was made pursuant to Kennedy-Wilson Holdings' Second Amended and Restated 2009 Equity Participation Plan.
• The restricted stock units will vest in three equal annual installments, starting on the first anniversary of the grant date.
• Performance-based restricted stock units awarded on the same date will be reported separately as they vest.
• Following the transaction, Pegler beneficially owns 172,824 shares.

Sentiment

Score: 7

Explanation: The document indicates a standard executive compensation practice, suggesting stability and alignment of interests. It's a neutral-positive event.

Positives

• The grant of restricted stock units aligns Mr. Pegler's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

Performance-based restricted stock units awarded on the same date will be reported by the reporting person as such units vest.

Industry Context

Stock grants are a common form of executive compensation in the real estate and investment management industries, used to incentivize performance and retain key personnel.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in publicly traded companies, particularly in the real estate and investment sectors.
• Companies like Blackstone, Brookfield, and Starwood Capital also utilize equity-based compensation to align management's interests with shareholder value.
• The vesting schedule of three years is fairly standard, promoting long-term commitment.

Stakeholder Impact

• The stock grant incentivizes the executive to improve company performance, potentially benefiting shareholders.
• The grant does not have an immediate impact on employees, customers, suppliers, or creditors.

Next Steps

• The reporting person will report performance-based restricted stock units as they vest.

Key Dates