Company: KW
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001408100-25-000117
Chunk: 48

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 48
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ness (as defined in the trust deed).

As of March 31, 2025, KWE was in compliance with these covenants.

#### NOTE 11—EQUITY
At-the-Market Equity Offering Program

In May 2022, the Company established an at-the-market equity offering program (the “ATM Program”) pursuant to which it could issue and sell shares of the Company’s common stock having an aggregate gross sales price of up to $200.0 million in amounts and at times as the Company determines from time to time. During the three months ended March 31, 2025, the Company did not issue any shares under the ATM Program and as of March 31, 2025, the Company had $169.9 million of capacity remaining. The ATM program expired on May 5, 2025.

Dividend Distributions

Kennedy Wilson declared and paid the following cash distributions on its preferred and common stock:

|                       |     |          | Three Months Ended March 31, 2025 |     |      |      |     |          | Three Months Ended March 31, 2024 |     |      |      |
|:----------------------|:----|:---------|----------------------------------:|:----|:-----|-----:|:----|:---------|----------------------------------:|:----|:-----|-----:|
| (Dollars in millions) |     | Declared |                                   |     | Paid |      |     | Declared |                                   |     | Paid |      |
| Preferred Stock       |     | $        |                              10.9 |     | $    | 10.9 |     | $        |                              10.9 |     | $    | 10.9 |
| Common Stock(1)       |     |          |                              16.6 |     |      | 18.3 |     |          |                              33.1 |     |      | 34.1 |

(1) The difference between declared and paid is the amount accrued on the consolidated balance sheets.

Share-based Compensation

During each of the three months ended March 31, 2025 and 2024, Kennedy Wilson recognized $6.3 million and $5.2 million of compensation expense related to the amortization of grant date fair values of restricted stock grants.

Common Stock Repurchase Program

On November 4, 2020, the Company's board of directors authorized an expansion of its existing