Burton Wade 4
4 · Kennedy-Wilson Holdings, Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Kennedy-Wilson (KW) Director Burton Wade Sells 48,520 Shares
What Happened Burton Wade, a director of Kennedy-Wilson Holdings, disposed of 48,520 shares on 2026-06-16. The shares were converted into cash under the company’s merger agreement at $10.90 per share, yielding approximately $528,868. This was a disposition to the issuer as part of the merger, not an open-market sale.
Key Details
- Transaction date and price: 2026-06-16 at $10.90 per share (Merger Consideration).
- Shares disposed: 48,520; gross cash received ≈ $528,868 (subject to any applicable tax withholdings).
- Shares owned after transaction: common shares were converted/cancelled at the Effective Time per the merger; filing does not report continuing common‑stock ownership.
- Relevant footnotes: F1–F3 describe the merger (Merger Agreement), automatic conversion of shares into $10.90 cash per share, and treatment of RSUs (vested and paid in cash).
- Timeliness: Report filed for the same date (2026-06-16); no late‑filing indication.
Context This transaction reflects a cash-out under the merger terms rather than a voluntary, open-market sale. Under the merger, all outstanding common shares were converted into a fixed cash payment and outstanding RSUs vested and were paid in cash, so the disposition is administrative—resulting from the corporate transaction rather than a trading decision by the insider.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2][F3]2026-06-16−48,520→ 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.