Company: KW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058797
Chunk: 75

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 75
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FOR” THE APPROVAL OF THE THIRD AMENDMENT TO THE COMPANY'S SECOND AMENDED AND RESTATED 2009 EQUITY PARTICIPATION PLAN. |

Background On April 24, 2025, subject to approval of the Company’s stockholders, the Board of Directors of the Company approved and adopted a third amendment (the “Amendment”) to the Company’s Second Amended and Restated 2009 Equity Participation Plan, as amended by that certain first amendment to the Second Amended and Restated Plan, dated as of April 25, 2019 and effective as of June 13, 2019, and as further amended by that certain second amendment to the Second Amended and Restated Plan, dated as of April 26, 2022 and effective as of June 9, 2022 (as amended, the “Second Amended and Restated Plan”), which increases the aggregate number of shares of common stock of the Company that may be issued pursuant to the Second Amended and Restated Plan by an additional 3,400,000 shares, to a total of 24,645,000 shares. The Amendment to the Second Amended and Restated Plan will become effective on the date on which it is approved by the Company’s stockholders. Unless and until the Company’s stockholders approve the Amendment, we will continue to grant awards under the terms of the Second Amended and Restated Plan using the shares available for issuance, if any, thereunder. If the Amendment is not approved by the Company’s stockholders, the Second Amended and Restated Plan will continue in effect, and we may continue to grant awards under the Second Amended and Restated Plan, subject to its terms, conditions and limitations, using the shares available for issuance thereunder (without giving effect to the Amendment). The material features of the Second Amended and Restated Plan, as amended by the Amendment, are described below. The description of the Amendment in this proposal is qualified in its entirety by reference to full text of the Amendment, a copy of which is attached as Appendix B to this proxy statement. A conformed copy of the Second Amended and Restated Plan, as amended by the Amendment, is attached as Appendix C to this proxy statement. Shares Available for Issuance In 2009, the Board of Directors adopted, and the stockholders of the Company approved, the Kennedy-Wilson Holdings, Inc. 2009 Equity Participation Plan (the “Original Plan”). In 2012