MCMORROW WILLIAM J 4
Research Summary
AI-generated summary
Kennedy-Wilson CEO William J. McMorrow Sells 55,118 Shares for Taxes
What Happened
William J. McMorrow, Chairman and CEO of Kennedy-Wilson Holdings (KW), had 55,118 shares withheld by the company on 2026-01-29 to satisfy tax withholding obligations related to vesting restricted stock. The shares are reported at $9.86 each for a total value of approximately $543,463. This is a tax-withholding disposition (F code), a routine administrative action rather than an open-market sale by the insider.
Key Details
- Transaction date: 2026-01-29; filing date: 2026-01-30 (timely filing).
- Price per share: $9.86; total value reported: $543,463.
- Transaction type/code: F — payment of exercise price or tax liability (tax withholding on vesting).
- Footnote: Shares were held by the registrant to satisfy tax withholding; no shares were directly sold by Mr. McMorrow.
- Shares owned after transaction: not disclosed in the provided filing summary.
Context
Tax-withholding dispositions occur when a company retains or “sells to the company” a portion of vested restricted shares to cover required payroll/tax withholding. These are routine administrative actions and do not necessarily indicate the insider is reducing their stake via an open-market sale.