Company: KW
Filing Date: 2025-08-08
Form Type: 424B3
Source: 0001408100-25-000150
Chunk: 53

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-08
Form: 424B3
Chunk 53
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        |                           21.8 |     | $    | 21.8 |     | $        |                           21.8 |     | $    | 21.8 |
| Common Stock(1)       |     |          |                           33.1 |     |      | 34.9 |     |          |                           49.6 |     |      | 67.2 |

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

Share-based Compensation

During each of the six months ended June 30, 2025 and 2024, Kennedy Wilson recognized $12.8 million and $11.2 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 $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 six months ended June 30, 2025, Kennedy Wilson repurchased 393,493 shares on the open market for $2.5 million under the stock repurchase program. During the six months ended June 30, 2024, Kennedy Wilson repurchased and retired 1,551,955 shares on the open market for $$13.3 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 six months ended June 30, 2025 and 2024 were net-share settled. The total shares withheld during the six months ended June 30, 2025 and 2024 were 712,446 shares and 129,011 shares, respectively. During the six months ended June 30, 2025 and 2024, total payments for the employees’ tax obligations to the taxing authorities for the shares which were net-share settled were $6.7 million and $1.6 million, respectively. These activities are reflected as a financing activity within Kennedy Wilson's