Burton Wade 4
Research Summary
AI-generated summary
Kennedy-Wilson (KW) Director Burton Wade Receives Award
What Happened
- Burton Wade, a director of Kennedy-Wilson Holdings, had time‑based equity awards vest on Feb 21, 2026. The filing shows 696 shares acquired (award/DER settlement) at $0.00 and 2,566 shares withheld by the company to satisfy tax withholding at $10.90 per share (total withheld value reported as $27,969). The filing notes a total of 6,529 restricted stock units (including 696 DERs) vested on that date. No shares were sold in the open market by the reporting person.
Key Details
- Transaction date: 2026-02-21; Form 4 filed: 2026-02-24 (appears timely).
- Reported transactions: A (award/acquisition) — 696 shares @ $0.00; F (tax withholding) — 2,566 shares @ $10.90, $27,969.
- Footnotes: F1 — 6,529 RSUs vested (including 696 DERs) that are settled in shares. F2 — 2,566 shares were withheld by the registrant to satisfy tax withholding on the vesting of 5,833 restricted stock awards plus the 696 DERs; no shares were sold by the reporting person.
- Shares owned after transaction: Not disclosed on the provided filing.
Context
- This was a vesting/settlement of restricted stock units and distribution equivalent rights, not an open-market purchase or sale by the insider. The withholding of shares to cover taxes is a common administrative action (reported as “F”), not a change in economic view about the company.