Company: KW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058797
Chunk: 5

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 5
---
 our stockholders. The effectiveness and alignment of our compensation program relative to the Company’s operating performance and the Company’s stock price is demonstrated by actual payouts received by our NEOs as further discussed in this Proxy Statement.

Notwithstanding the continued strong support from our shareholders as evidenced by the89%approval of our say-on-pay proposal last year, the Compensation Committee undertook a holistic review of our executive compensation program and made certain adjustments to the program to ensure that it continues to support our strategy and aligned our executives with our near-term objectives and long-term stockholder value creation. Some highlights of our executive compensation program are:

Peer Group was reviewed and adjusted to, among other things, better reflect our focus on the growth in our investment management platform, third-party capital and co-investments by increasing the emphasis on companies that utilize strategic capital and de-emphasizing certain companies that are less complex and no longer invest in similar assets.

85% of our named executive officers’ compensation is variable , at risk and directly tied to the achievement of operational, financial and/or stock price performance.

A significant majority of our named executive officers’ compensation is comprised of equity awards that are subject to the same stock price fluctuations as our stockholders. Additionally, all of our stock grants require our named executive officers to hold shares for an additional three years following the vesting date to reinforce our commitment to aligning our named executive officers’ interests with those of our stockholders.

To enhance direct alignment with our stockholder’s returns, added an absolute total shareholder return (TSR) metric to all 2024 performance-based equity awards that requires rigorous absolute TSR performance in addition to the applicable performance hurdles.

No increases were made to our Chief Executive Officer's base salary or target cash bonus levels for 2024 .

2024 annual bonus program metrics were adjusted to align with our strategic initiatives to support our investment management platform growth including, (i) growth in investment management fees; (ii) cash from asset sales, (iii) unsecured debt reduction and (iv) asset stabilizations.

For performance-based equity awards eligible to be earned as of December 31, 2024, approximately 70% of such awards were forfeited by our executives, including our NEOs , substantiating the rigorous performance hurdles under the Company's long-term incentive program.

See page23for a detailed report with respect to our executive compensation program.

Kennedy Wilson/ Proxy Statement 2025 /3

| PROXY STATEMENT |

This Proxy Statement is being made available to stockholders of Kennedy-Wilson