Form 4: KKR Director Matt Cohler Receives Restricted Stock Units

KKR & Co. Inc. director Matt Cohler was granted 1,238 restricted stock units on December 12, 2024, which will vest on December 1, 2025.

Summary

• Matt Cohler, a director at KKR & Co. Inc., received 1,238 restricted stock units on December 12, 2024.
• These restricted stock units were granted under the company's 2019 Equity Incentive Plan.
• The units will generally vest on December 1, 2025.
• Upon vesting, each unit will convert into one share of KKR common stock.
• Following this transaction, Mr. Cohler directly owns 1,238 shares and indirectly owns 96,330 shares through a trust.

Sentiment

Score: 7

Explanation: The document reflects a routine grant of stock units, which is a positive but expected event. There are no indications of significant positive or negative sentiment.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting period encourages long-term commitment from the director.

Future Outlook

The restricted stock units will vest on December 1, 2025, subject to the terms of the 2019 Equity Incentive Plan.

Industry Context

The granting of restricted stock units to directors is a common practice in the financial industry to incentivize performance and align interests with shareholders.

Comparison to Industry Standards

• Granting restricted stock units to directors is a standard practice across the financial industry, similar to companies like Blackstone and Apollo Global Management.
• The vesting period of approximately one year is also typical for such grants, aligning with industry norms for long-term incentive plans.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially leading to better long-term performance.
• The vesting period encourages long-term commitment from the director.

Key Dates

Keywords

KKR, restricted stock units, equity incentive plan, director, Matt Cohler, stock grant, vesting