Form 4: Kennedy-Wilson Holdings President Matthew Windisch Receives Stock Grant

Matthew Windisch, President of Kennedy-Wilson Holdings, was granted 238,883 shares of time-based restricted stock units on January 29, 2025.

Summary

• On January 29, 2025, Matthew Windisch, President of Kennedy-Wilson Holdings, received a grant of 238,883 time-based restricted stock units.
• These restricted stock units will vest in three equal annual installments, starting on the first anniversary of the grant date.
• The grant was made under the company's Second Amended and Restated 2009 Equity Participation Plan.
• Performance-based restricted stock units awarded on the same date will be reported separately as they vest.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The grant of stock options is a standard practice and aligns management with shareholder interests. The vesting schedule promotes long-term commitment.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.
• Vesting over three years 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, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages, including stock grants, are typically benchmarked against peer companies in the real estate and investment management sectors.
• Companies like Blackstone, Brookfield Asset Management, and Starwood Capital Group often use similar equity-based compensation plans to incentivize their executives.
• The size and vesting schedule of the grant would likely be compared to grants made to executives with similar roles and responsibilities at comparable firms.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns management's interests with the company's long-term performance.
• Employees may see the grant as a sign of the company's commitment to its leadership.

Next Steps

• The time-based restricted stock units will vest in three equal annual installments beginning 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.

Key Dates