Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 134

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 134
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3 million and $17.3 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 $250.0 million share repurchase plan to $500 million.  Repurchases under the program may be made in the open market, in privately negotiated transactions, through the net settlement of the Company’s restricted stock grants or otherwise, with the amount and timing of repurchases dependent on market conditions and subject to the company’s discretion.     During the nine months ended September 30, 2025, Kennedy Wilson repurchased 393,493 shares on the open market for $2.5 million under the stock repurchase program. During the nine months ended September 30, 2024, Kennedy Wilson repurchased and retired 1,565,775 shares on the open market for $13.4 million under the stock repurchase program.         Generally, upon vesting, the restricted stock granted to employees is net share-settled such that the Company will withhold shares with value equivalent to the employees’ minimum statutory obligation for the applicable income and other employment taxes and remit the cash to the appropriate taxing authorities.  The restricted shares that vested during nine months ended September 30, 2025 and 2024 were net-share settled. The total shares withheld during the nine months ended September 30, 2025 and 2024 were 712,446 shares and 129,011 shares, respectively. During the nine months ended September 30, 2025 and 2024, total payments for the employees’ tax obligations to the taxing authorities for the shares which were net-share settled were $6.8 million and $1.6 million, respectively.  These activities are reflected as a financing activity within Kennedy Wilson's consolidated statements of cash flows.    Accumulated Other Comprehensive (Loss) Income

26

Kennedy-Wilson Holdings, Inc.Notes to Consolidated Financial Statements(Unaudited)

    The following table summarizes the changes in each component of accumulated other comprehensive (loss) income, net of taxes from December 31, 2024 to September 30, 2025:(Dollars in millions)Foreign Currency TranslationCurrency Derivative Contracts Interest Rate SwapsTotal Accumulated Other Comprehensive Loss(1)Balance at December 31, 2024$(156.6)$105