Finnegan Regina Wambold 4
Research Summary
AI-generated summary
Kennedy-Wilson (KW) EVP Finnegan Wambold Receives Merger Cash
What Happened
- Finnegan Regina Wambold, EVP, Risk Management & HR at Kennedy-Wilson, had company stock and vested awards converted to cash as part of a merger. The filing shows dispositions of 266,800 and 44,163 shares to the issuer and an acquisition/award entry of 142,791 units (RSUs/PSUs) on 2026-06-16.
- Per the merger terms, each share (and each vested RSU/PSU share-equivalent) converted into $10.90 in cash. The two dispositions total 310,963 shares = $3,389,496.70; the 142,791 awarded units equal $1,556,421.90. Combined cash consideration reported ≈ $4,945,918.60 (before any applicable tax withholdings or dividend equivalents).
Key Details
- Transaction date: 2026-06-16 (Effective Time of the merger). Form filed 2026-06-16 (same day).
- Price: $10.90 per share (merger consideration); filing lists N/A for per-share price because these were cash conversions under the merger.
- Shares involved: Dispositions — 266,800 and 44,163 (total 310,963). Award/Acquisition — 142,791 units.
- Cash values: Dispositions ≈ $3,389,496.70; Award ≈ $1,556,421.90; Total ≈ $4,945,918.60 (rounded).
- Shares owned after transaction: All outstanding common stock was converted into cash at the Effective Time, so the insider no longer holds public common shares of KW.
- Notable footnotes: Transactions occurred under a Merger Agreement with Kona Bidco, LLC; outstanding common shares were converted to $10.90/share and all RSUs/PSUs vested and were canceled for lump-sum cash payments (plus any accrued dividend equivalents).
- Filing timeliness: Reported and filed on the Effective Time date — appears timely.
Context
- These were not open-market trades — the movements reflect the company being acquired and stock/awards being cashed out under the merger, not discretionary buy/sell decisions. Such conversions are routine in change-of-control transactions and do not necessarily signal the insider’s view on future performance.