Bowen Trevor 4
Research Summary
AI-generated summary
Kennedy-Wilson (KW) Director Trevor Bowen Sells 108,465 Shares
What Happened
Trevor Bowen, a director of Kennedy-Wilson Holdings, disposed of 108,465 shares on June 16, 2026. The shares were converted into cash at $10.90 per share as part of the company’s merger, yielding $1,182,268.50 (approx. $1.18M). This was a corporate merger cash-out (disposition to the issuer), not an open-market sale.
Key Details
- Transaction date: 2026-06-16; Price per share (Merger Consideration): $10.90.
- Shares disposed: 108,465; Gross proceeds: $1,182,268.50 (rounded ~$1.18M).
- Transaction code: D (Disposition to issuer) — result of the merger transaction.
- Shares outstanding after transaction: outstanding common shares were converted at the Effective Time; holders no longer held those common shares post-closing.
- Footnotes: (F1) Merger completed under the Merger Agreement; (F2) each common share converted into $10.90 cash; (F3) outstanding RSUs vested and were canceled for a lump-sum cash payment based on $10.90 per share plus any dividend equivalents.
- Filing: Report filed 2026-06-16 (Period of Report 2026-06-16); no late filing indicated.
Context
This is a routine merger-related cash-out: the company was acquired and outstanding shares (and vested RSUs) were converted to a fixed cash payment per share. Such dispositions reflect the terms of the transaction rather than a director-initiated market sell for liquidity or sentiment.