Form 4: KKR Co-CEO Scott Nuttall Reports Share Transfers via Trusts

KKR & Co. Co-Chief Executive Officer Scott Nuttall reported the transfer of shares through grantor retained annuity trusts to family trusts.

Summary

• Scott Nuttall, Co-Chief Executive Officer of KKR & Co. Inc., reported changes in his beneficial ownership of KKR common stock.
• The transactions involved the transfer of 569,200 shares from a grantor retained annuity trust to a family trust on November 27, 2024.
• Another transfer of 569,200 shares was made from a trust to the reporting person.
• These transfers were made at a price of $0 per share, indicating they were not market transactions.
• Following these transactions, Nuttall directly owns 17,027,148 shares and indirectly owns 1,497,723 shares through a limited partnership, 129,301 shares through a trust, and 2,782 shares through a limited liability company.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing share transfers, which is neither positive nor negative for the company's performance.

Management Comments

• 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 is a routine filing related to changes in beneficial ownership by a company executive, which is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock.
• The use of trusts for estate planning and asset management is a common practice among high-net-worth individuals and executives.
• The reported transactions are consistent with typical insider trading activity related to estate planning.

Stakeholder Impact

• The transactions do not have a direct impact on shareholders, employees, customers, suppliers, or creditors as they are related to personal financial planning of an executive.

Key Dates

Keywords

KKR, Scott Nuttall, beneficial ownership, share transfer, trusts, Form 4, insider trading