Company: KW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058797
Chunk: 65

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 65
---
. McMorrow |     | —                |     | —               |     |          114,888 |     |        $1,285,597 |
| Justin Enbody       |     | —                |     | —               |     |           35,350 |     |           395,567 |
| Matthew Windisch    |     | —                |     | —               |     |           60,823 |     |           680,609 |
| In Ku Lee           |     | —                |     | —               |     |           14,358 |     |           160,666 |
| Michael Pegler      |     | —                |     | —               |     |                — |     |                 — |

(1) Represents the gross amount of RSUs, as applicable, that vested during the year ended December 31, 2024 and does not take into account any withholding of shares to settle tax obligations. (2) Value realized on vesting of restricted stock and RSU awards is based on the closing price of our common stock on the vesting date. TERMINATION AND CHANGE IN CONTROL BENEFITS This section describes and quantifies the additional amounts that would be payable to the NEOs in the event of their termination or a change in control of the Company as of December 31, 2024. For this purpose, the closing stock price of $9.99 on the last trading day in 2024, as reported on the NYSE, has been used. Executive Employment Agreements The employment agreements entered into with each of our NEOs in September 2023 provide that, in the event the applicable executive’s employment with the Company is terminated by the Company without “Cause” (as defined below) or by such executive for “Good Reason” (as defined below), subject to and conditioned upon such executive’s execution and non-revocation of a general release of claims and such executive’s continued compliance with any applicable restrictive covenants, such executive will receive: (i) continued payment of his then-current base salary through the remainder of the then-current term of the employment agreement (the “Continued Salary Severance”); (ii) a lump-sum amount in cash (the “Lump Sum Severance”) equal to (A) two times (or, with respect to Mr. McMorrow, three times) the average of the sum of his actual (x) base salary and (y) annual cash bonus, in each case, for the immediately