Company: KW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058797
Chunk: 78

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 78
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 to three years • Equity awards granted to our NEOs under the Second Amended and Restated 2009 Equity Participation Plan are 67% performance-based • All KW equity awards granted to our NEOs are subject to a three-year mandatory post-vesting holding period • We expanded participation in our long-term program to our broader senior management team to foster alignment for executives across our platforms and strengthen alignment with our stockholders • Allows for share recycling on net settled restricted stock awards, restricted stock unit awards, performance unit awards and performance share awards – deemed appropriate as returning shares withheld to satisfy tax withholding obligations to the Second Amended and Restated Plan has no additional dilutive impact to shareholders above the 1.99% of fully diluted shares outstanding (2.46% of common shares outstanding)

| Stockholder-Friendly Plan Features |

• No dividends paid on unvested equity awards • Minimum one-year vesting requirement on all equity grants, with limited exceptions • No share recycling on stock options or stock appreciation rights • Prohibits the discretionary acceleration of vesting of awards other than upon the applicable grantees termination of service due to death or disability • No repricing of options or stock appreciation rights permitted without stockholder approval • No cash buyouts of stock options or stock appreciation rights without stockholder approval • Limits the grant-date value of awards granted to non-employee directors during any one year to $600,000 Compensation clawback policy applies to equity awards in addition to cash compensation

58/Kennedy Wilson/ Proxy Statement 2025

PROPOSAL 2 Approval of the Third Amendment to the Company's Second Amended and Restated 2009 Equity Participation Plan

The Compensation Committee, which consists only of non-employee directors who are “independent” under the listing standards of the NYSE, will administer the plan

In light of the factors described above, and the fact that the ability to continue to grant equity compensation is vital to our ability to continue to attract and retain employees in the competitive labor markets in which we compete, the Company believes that the size of the share reserve under the Second Amended and Restated Plan, as amended by the Amendment, represents a reasonable amount of potential equity dilution and allows the Company to continue to award equity incentives, which are a critical component of our overall compensation program as described above. The Board of Directors will not create a subcommittee to evaluate the risks and benefits for issuing the additional authorized shares requested.

Summary of Second Amended and Restated Plan and Amendment Purpose

The purpose of