Boucher Richard Aidan Hugh 4
4 · Kennedy-Wilson Holdings, Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Kennedy‑Wilson (KW) Director Richard Boucher Sells 67,787 Shares
What Happened
Richard Aidan Hugh Boucher, a director of Kennedy‑Wilson Holdings, reported a disposition to the issuer of 67,787 shares on 2026-06-16. The shares were converted under the terms of a merger—each share was cashed out at $10.90 per share—resulting in total consideration of approximately $738,878.30. This was not an open‑market sale but a cash-out in connection with the merger.
Key Details
- Transaction date: 2026-06-16. Transaction code: D (disposition to the issuer).
- Price / consideration: $10.90 per share (Merger Consideration). Total ≈ $738,878.30.
- Shares disposed: 67,787. Shares owned after transaction: effectively zero for outstanding common stock (all outstanding shares were converted at the Effective Time).
- Relevant footnotes: F1 — Merger Agreement led to Merger Sub merging into the issuer; F2 — each common share converted into $10.90 cash; F3 — outstanding RSUs vested and were canceled for a cash lump sum equal to shares × $10.90 plus any accrued dividend equivalents.
- Filing timeliness: Reported for the period 2026-06-16; no late-filing indication in the filing.
Context
This transaction reflects merger consideration (cash-out) rather than a discretionary sale by the insider. Such dispositions under a qualifying merger are routine corporate events and do not necessarily indicate personal trading sentiment. If the insider held RSUs, those were similarly cashed out per the merger terms.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2][F3]2026-06-16−67,787→ 0 total
Footnotes (3)
- [F1]In connection with the terms of an Agreement and Plan of Merger, dated as of February 16, 2026, as amended on March 15, 2026 (the "Merger Agreement"), by and among the Issuer, Kona Bidco, LLC ("Parent"), and Kona Merger Subsidiary, Inc., a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer with the Issuer continuing as the surviving company and a wholly owned subsidiary of Parent upon consummation of the merger (the "Effective Time").
- [F2]At the Effective Time, each outstanding share of Common Stock was automatically converted into the right to receive an amount in cash equal to $10.90 per share, without interest and subject to any applicable withholding taxes required by law (the "Merger Consideration").
- [F3]At the Effective Time, each outstanding restricted stock unit ("RSU") vested and was canceled, with the holder entitled to receive a lump-sum cash payment, without interest, equal to (x) the product, rounded down to the nearest cent, obtained by multiplying (1) the total number of shares underlying such RSU, by (2) the Merger Consideration, plus (y) any amounts payable in respect of accrued and unpaid dividend equivalents thereon.