Lee In Ku 4

What Happened
Lee In Ku, EVP and General Counsel of Kennedy-Wilson Holdings (KW), received the vesting of previously granted performance-based restricted stock on February 25, 2026. The Form 4 reports three award acquisitions (code A) totaling 63,903 net shares delivered to Mr. Lee at $0.00 per share (recorded value $0). The grants vested because specified performance hurdles were met.

Key Details

• Transaction date: February 25, 2026 (filed on Feb 27, 2026). Filing appears timely (Form 4 filed within the required period).
• Reported acquisitions (net shares delivered after tax withholding): 10,673; 21,385; and 31,845 (total 63,903). Each was recorded at $0.00 per share.
• Footnotes (F1–F3): show the gross vested amounts and shares withheld for taxes:
  • F1: 21,350 gross vested; 10,677 shares withheld; net 10,673 delivered.
  • F2: 42,777 gross vested; 21,392 withheld; net 21,385 delivered.
  • F3: 63,702 gross vested; 31,857 withheld; net 31,845 delivered.
  • Combined gross vested = 127,829; combined withheld for taxes = 63,926; net delivered = 63,903.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Transaction code: A (award/grant). Withholding was satisfied by share withholding (routine tax withholding).

Context

• These were performance-based RSUs that vested upon achievement of company performance hurdles — not open-market purchases or sales. Share withholding to cover taxes is a common administrative step and does not indicate a sale by the insider.
• Awards increase insider exposure to company equity but are compensation-related rather than a discretionary buy or sell, so they should be interpreted accordingly.