Company: KW
Filing Date: 2025-11-07
Form Type: 424B3
Source: 0001408100-25-000180
Chunk: 54

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 424B3
Chunk 54
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00 and have unencumbered assets of no less than 125% of its unsecured indebtedness (as defined in the trust deed).

As of September 30, 2025, KWE was in compliance with these covenants, and, as of the date of this report, all KWE Notes have been redeemed and no KWE Notes remain outstanding. Please also see "Subsequent Events."

#### NOTE 11—EQUITY
Dividend Distributions

Kennedy Wilson declared and paid the following cash distributions on its preferred and common stock:

|                       |     |          | Nine Months Ended September 30, 2025 |     |      |      |     |          | Nine Months Ended September 30, 2024 |     |      |      |
|:----------------------|:----|:---------|-------------------------------------:|:----|:-----|-----:|:----|:---------|-------------------------------------:|:----|:-----|-----:|
| (Dollars in millions) |     | Declared |                                      |     | Paid |      |     | Declared |                                      |     | Paid |      |
| Preferred Stock       |     | $        |                                 32.6 |     | $    | 32.6 |     | $        |                                 32.6 |     | $    | 32.6 |
| Common Stock(1)       |     |          |                                 49.7 |     |      | 51.5 |     |          |                                 66.1 |     |      | 83.7 |

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

Share-based Compensation

During each of the nine months ended September 30, 2025 and 2024, Kennedy Wilson recognized $19.3 million and $17.3 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 nine months ended September 30, 2025, Kennedy Wilson