Company: KW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058797
Chunk: 69

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 69
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(1) Represents the Second Amended and Restated 2009 Equity Participation Plan. (2) Represents the number of shares subject to outstanding awards granted under the Second Amended and Restated 2009 Equity Participation Plan. CEO PAY RATIO AND PAY VERSUS PERFORMANCE DISCLOSURE CEO Pay Ratio We believe that we provide fair and equitable compensation to our employees through a combination of competitive base pay, cash bonuses, equity-based compensation and other benefits. As of December 31, 2024, we had a total of 246 employees. As required by Section 593(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(u) of Regulation S-K, we are providing the following information about the relationship of the annual total compensation of our employees and the annual total compensation of our Chairman and CEO, Mr. McMorrow. To identify the median of the annual total compensation of all our employees, as well as to determine the annual total compensation of the “median employee,” the methodology and the material assumptions, adjustments, and estimates that we used were as follows: • To identify the median employee as of December 31, 2024 we calculated compensation of our employees using their 2024 annual base salaries, bonuses for the 2024 performance year (including any bonus exchange premium received), annual equity awards granted in 2024 and Company contributions to applicable retirement plans. • We did not exclude any employees from our employee population. • We annualized the base pay and cash incentive bonuses for 2024 new hires. • Foreign salaries were converted to U.S. dollars at the December 31, 2024 exchange rate. • No cost of living adjustments were utilized in the compensation calculation. • Once the median employee was identified, we calculated the total compensation for our median employee using the same methodology we used to calculate Mr. McMorrow’s total compensation in the Summary Compensation Table for the fiscal year ended December 31, 2024. The 2024 annual total compensation for our median employee was $207,200. The 2024 annual total compensation for our CEO as reported in the Summary Compensation Table for the fiscal year ended December 31, 2024 was $15,842,528. The ratio of the annual total compensation of our CEO to the annual total compensation of our median employee for the year ended December 31, 2024 was 76 to 1. This pay ratio is a reasonable estimate