Boucher Richard Aidan Hugh 4
Research Summary
AI-generated summary
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.