Company: KW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058797
Chunk: 43

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 43
---
 of compensation to be divided among base pay, bonus, and long-term incentives, the Compensation Committee does not adhere to a specific formula or aim to set compensation at a specified level as compared to specific benchmarking or survey data. Rather, the Compensation Committee uses the market data in conjunction with its experience and resources to also evaluate the Company’s complexity of business, performance, succession planning factors and profitability to establish appropriately competitive compensation levels.

Kennedy Wilson/ Proxy Statement 2025 /31

#### EXECUTIVE COMPENSATION
| Fiscal Year 2024 Compensation |

2024 Performance Accomplishments 2024 illustrated the strength of our platform through the successful execution of our business plan and initiatives as we continue to position ourselves to grow our baseline EBITDA and investment management platform. Despite a challenging interest rate and inflationary environment, our investment management fees grew by 60% year-over-year to nearly $100 million in 2024, marking a significant milestone for the Company. In addition, our investment activity significantly accelerated year-over-year as we deployed over $4 billion of capital in 2024, an increase of over 50% from 2023 levels, including $3.5 billion in real estate debt originations and $800 million in rental housing and industrial acquisitions. In 2024, we generated approximately $571 million in cash from strategic asset sales, recapitalizations and loan repayments, with the proceeds from such sales primarily being applied to the growth of our investment management platform and debt reductions. We also added $29 million of net operating income (NOI) from completed developments in 2024, for a total estimated annual NOI of $467 million as of December 31, 2024, and expect an additional $65 million of NOI to be generated from our development and lease-up portfolio in the near future with minimal equity commitments from the Company remaining for such projects. We believe our ability to seek out and execute new opportunities, especially as market conditions recover, while continuing to execute strategic transactions, will continue to facilitate broad access to attractive investments, thus positioning the Company for long-term success. Please see Appendix A for a reconciliation of certain non-GAAP measures discussed below. Investment Management Growth: • Annual fees grew by 60% to an annual record of $99 million supported by $3.5 billion in debt origination volume • Fee-Bearing Capital grew 5% to a record $8.8 billion from $8.4 billion in 2023 • Raised $5 billion from third party capital, including £