Kennedy-Wilson (KW) CFO has 12,791 shares withheld to cover tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kennedy-Wilson Holdings, Inc. Chief Financial Officer Justin Enbody reported a tax-related share disposition connected to restricted stock vesting. On this Form 4, the company withheld 12,791 shares of common stock at $9.89 per share to satisfy applicable tax withholding requirements.
According to the footnote, no shares were sold by Enbody in the market; the shares were retained by the company to cover taxes triggered by the vesting of time-based restricted stock awards. After this withholding, Enbody directly owns 851,947 shares of common stock, reflecting his continuing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Enbody Justin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 12,791 | $9.89 | $127K |
Holdings After Transaction:
Common Stock — 851,947 shares (Direct)
Footnotes (1)
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FAQ
What did Kennedy-Wilson (KW) CFO Justin Enbody report on this Form 4?
CFO Justin Enbody reported a tax-withholding disposition of shares tied to restricted stock vesting. Kennedy-Wilson withheld 12,791 common shares at $9.89 per share to cover tax obligations, rather than Enbody selling shares in the open market.
What does transaction code "F" mean in the Kennedy-Wilson (KW) Form 4?
Transaction code "F" indicates a disposition used to pay an exercise price or tax liability by delivering securities. In this case, Kennedy-Wilson withheld 12,791 shares from the CFO’s vested restricted stock to meet tax withholding requirements, with no open-market sale by him.
Is the Kennedy-Wilson (KW) CFO’s Form 4 transaction considered a routine equity event?
Yes, this filing describes a routine tax-withholding event linked to restricted stock vesting. The company retained 12,791 shares to cover taxes, while the CFO’s direct ownership remains significant at 851,947 shares following the non-market disposition reported in the Form 4.