Zaimi Sanaz 4
Research Summary
AI-generated summary
Kennedy-Wilson (KW) Director Sanaz Zaimi Sells 98,095 Shares
What Happened
Sanaz Zaimi, a director of Kennedy-Wilson Holdings, disposed of 98,095 shares to the issuer on June 16, 2026. Under the merger agreement, each share was converted into the right to receive $10.90 in cash, so the transaction generated approximately $1,069,236 in proceeds (before any applicable tax withholdings). The disposition was a merger-related cash-out (transaction code D), not an open-market sale.
Key Details
- Transaction date: 2026-06-16 (filed same day).
- Price / consideration: $10.90 per share; total ≈ $1,069,235.50.
- Shares disposed: 98,095.
- Shares owned after transaction: not specified in the Form 4 filing.
- Footnotes: The disposition occurred at the Effective Time of a merger (Merger Agreement dated Feb 16, 2026, amended Mar 15, 2026). All outstanding common shares were converted into cash ($10.90/share); outstanding RSUs were vested and paid in cash per the agreement.
- Filing timeliness: Reported for the period 2026-06-16 and filed the same date (no late filing indicated).
Context: This was a corporate merger cash-out where shareholders received a fixed cash merger consideration. Such dispositions are routine outcomes of merger closings and do not necessarily reflect the insider’s view on the company’s future performance.