Burton Wade 4

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.