Enbody Justin 4

What Happened

• Justin Enbody, Chief Financial Officer of Kennedy‑Wilson (KW), had company shares and equity awards converted to cash as part of a merger. On 2026-06-16 he had 1,275,571 common shares disposed to the issuer for $10.90 per share (≈ $13,903,723.90) and 341,662 award/RSU/PSU units treated as an acquisition/cash payment (≈ $3,724,115.80), for combined cash consideration of approximately $17,627,839.70. The reported “sale”/disposition was the automatic cash-out required by the merger, not an open‑market trade.

Key Details

• Transaction date: 2026-06-16
• Price / consideration: $10.90 per share (merger consideration)
• Disposed shares: 1,275,571 common shares → ≈ $13,903,723.90
• Award/Acquired units: 341,662 RSU/PSU-related units → ≈ $3,724,115.80
• Total cash received (approx.): $17,627,839.70
• Shares owned after transaction: effectively 0 KW common shares (company became a wholly owned subsidiary at the Effective Time)
• Notable footnotes: transactions occurred under the Agreement and Plan of Merger (F1). All outstanding common shares were converted into the right to receive $10.90/share in cash (F2). Outstanding RSUs and PSUs vested/cancelled and were paid out in a lump-sum cash amount based on the $10.90/share Merger Consideration (F3, F4).
• Filing timeliness: Reported with period date equal to transaction date (no late filing indicated).

Context

• This reporting reflects merger consideration and the forced conversion/cash-out of equity at closing, not a discretionary market sale by the insider. For retail investors, such dispositions driven by a merger are routine and reflect the deal terms (cash per share and cash-out of awards), rather than a personal decision about the company’s outlook.