Kennedy-Wilson (KW) EVP, General Counsel has shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kennedy-Wilson Holdings, Inc. executive vice president and general counsel Lee In Ku reported a tax-related share disposition connected to restricted stock vesting. On the vesting date, 10,232 shares of common stock at $9.89 per share were withheld by the company to satisfy tax withholding requirements, and the footnote clarifies that no shares were sold by the reporting person. Following this tax-withholding transaction, Lee In Ku directly owns 288,695 shares of Kennedy-Wilson common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lee In Ku
Role
EVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 10,232 | $9.89 | $101K |
Holdings After Transaction:
Common Stock — 288,695 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Kennedy-Wilson (KW) report for Lee In Ku?
Kennedy-Wilson reported a tax-withholding disposition for EVP and general counsel Lee In Ku. The company withheld 10,232 common shares upon vesting of restricted stock awards to cover taxes, with no open-market sale by the executive.
What does transaction code F mean in the Kennedy-Wilson (KW) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, Kennedy-Wilson retained 10,232 shares from vested restricted stock to meet tax withholding needs, rather than the executive selling shares.
What role does Lee In Ku hold at Kennedy-Wilson (KW) in this Form 4?
The Form 4 identifies Lee In Ku as an officer of Kennedy-Wilson, serving as Executive Vice President and General Counsel. The reported transaction relates to tax withholding on the vesting of his time-based restricted stock awards.