Lee In Ku 4
4 · Kennedy-Wilson Holdings, Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Kennedy‑Wilson (KW) EVP Lee In Ku Sells 352,598 Shares
What Happened
Lee In Ku, EVP and General Counsel of Kennedy‑Wilson Holdings (KW), recorded a disposition of 352,598 common shares on 2026-06-16. Under the merger agreement, each outstanding share was converted into the right to receive $10.90 in cash, so the shares were effectively cashed out for approximately $3,843,318.20. This was a disposition to the issuer as part of the company’s merger, not an open‑market sale.
Key Details
- Transaction date: 2026-06-16 (Effective Time of the merger).
- Consideration: $10.90 per share under the Merger Agreement → total ≈ $3,843,318.20 (footnote). Filing lists disposition price as N/A because shares were converted in the merger.
- Shares disposed: 352,598. Shares of common stock were automatically converted at the Effective Time, so the reporting person no longer holds those common shares.
- RSUs: All outstanding RSUs were canceled at the Effective Time; the reporting person is entitled only to any accrued dividend equivalents (per footnote).
- Filing timing: Reported on 2026-06-16 (same day as the transaction reported).
Context
This disposition was a cash-out tied to the company’s merger (Merger Sub merged into the issuer and the issuer became a wholly owned subsidiary of the buyer). Such merger-related conversions are routine corporate actions and differ from insider open‑market sales; they represent contract consideration under the Merger Agreement rather than a signal of personal trading intent.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2][F3]2026-06-16−352,598→ 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") was canceled with the Reporting Person entitled to receive any amounts payable in respect of accrued dividend equivalents thereon.