Pegler Michael John 4

What Happened

Michael John Pegler, President of Kennedy-Wilson Europe, had equity converted and cash‑settled as part of Kennedy‑Wilson’s merger closing on 2026-06-16. The filing shows an award/acquisition of 193,160 shares (RSU/PSU vesting/cash settlement) and a disposition of 397,281 common shares to the issuer. The merger consideration was $10.90 per share, so the disposition converted to approximately $4,330,362.90 and the award/settlement equals approximately $2,105,444.00 (amounts subject to any applicable withholding).

Key Details

• Transaction date: 2026-06-16 (Effective Time of the merger).
• Price per share (Merger Consideration): $10.90 cash per share.
• Disposition: 397,281 common shares → ≈ $4,330,362.90 cash.
• Award/vesting: 193,160 RSUs/PSUs cash‑settled → ≈ $2,105,444.00 cash.
• Footnotes: Transactions occurred under the Agreement and Plan of Merger (F1); outstanding common shares were converted into $10.90 cash per share (F2); RSUs and PSUs vested and were canceled and paid in cash per F3–F4. Amounts paid without interest and subject to applicable withholding.
• Shares owned after transaction: the filing reflects conversion/cash settlement at the Effective Time (i.e., no remaining common stock from those converted shares).
• Filing timeliness: Reported with the 2026-06-16 period date — filed contemporaneously with the merger.

Context

These entries reflect corporate‑level actions at the closing of a merger (cash consideration and vesting/cancellation of equity awards), not an open‑market purchase or voluntary sale by the insider. For retail investors: such merger‑related conversions and award cash settlements are routine outcomes of an acquisition and should not be read as an independent buy/sell signal about the company’s future performance.