Tax withholding trims Kennedy-Wilson (KW) president’s share balance
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kennedy-Wilson Holdings, Inc. reported a Form 4 for Michael John Pegler, President KW Europe, showing a tax-related share withholding rather than an open-market sale. On this transaction, 9,022 shares of common stock at $9.89 per share were withheld to satisfy tax obligations on vesting restricted stock awards.
After this tax-withholding disposition by the registrant, Pegler’s directly held common stock position was 164,187 shares. The footnote clarifies that no shares were sold by the reporting person; the shares were used solely to cover applicable tax withholding requirements.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pegler Michael John
Role
President KW Europe
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,022 | $9.89 | $89K |
Holdings After Transaction:
Common Stock — 164,187 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Kennedy-Wilson (KW) report for Michael John Pegler?
Kennedy-Wilson reported a Form 4 for Michael John Pegler showing 9,022 common shares used to cover tax withholding on vesting restricted stock awards. The filing states these shares were held by the registrant for taxes and that no shares were sold by the reporting person.
What does transaction code F mean in the Kennedy-Wilson (KW) Form 4 for Michael John Pegler?
Transaction code F represents payment of an exercise price or tax liability by delivering securities. In this case, 9,022 Kennedy-Wilson common shares were withheld by the registrant to cover Pegler’s tax obligations upon vesting of time-based restricted stock awards, with no open-market sale reported.