Form 4: KKR Co-CEO Joseph Bae Transfers Shares to Family Trust

KKR & Co. Inc. Co-CEO Joseph Bae reported the transfer of common stock to a family trust and other transactions involving grantor retained annuity trusts.

Summary

• On August 15, 2024, Joseph Bae, Co-CEO of KKR & Co. Inc., reported a transfer of 485,405 shares of KKR common stock from a grantor retained annuity trust to a trust for the benefit of his family.
• This transfer was made according to the terms of the grantor retained annuity trust established in August 2022.
• The reporting person also reported transfers made between grantor retained annuity trusts and the Reporting Person.
• Following the reported transactions, Joseph Bae directly owns 4,727,133 shares of common stock.
• He also indirectly owns 2,708,559 shares through trusts, 10,018,550 shares through a limited partnership, 384,257 shares through another trust, and 7,166 shares through a limited liability company.
• The reporting person disclaims beneficial ownership of the indirectly owned securities except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing stock transfers, which is neutral in sentiment. The transactions are pre-planned and do not indicate any negative outlook.

Management Comments

• Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended, the Reporting Person states that this filing shall not be an admission that the Reporting Person is the beneficial owner of any of the securities reported herein as indirectly owned, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest therein.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company executive, which is common in the financial industry.

Stakeholder Impact

• The stock transfer may have a minor impact on shareholders due to the change in ownership structure, but it is unlikely to significantly affect the company's operations or financial performance.

Key Dates