---
schema_version: "secwatch.filing_event.v1"
accession: "0001357615-23-000137"
form_type: "8-K"
ticker: "KBR"
cik: "0001357615"
company_name: "KBR, INC."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T14:11:15.602649+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# KBR unwinds warrant transactions with three counterparties; estimated cost ~$124M at current stock price

## Summary
- KBR terminated warrant transactions with Bank of America, Citibank, and BNP Paribas via unwind agreements.
- Measurement period runs ~37 trading days; cost based on VWAP of KBR common stock.
- At average VWAP of $50 (near Nov 6 close of $49.88), aggregate cost ~$124M.
- Cost ranges from ~$85M at $45 VWAP to ~$168M at $55 VWAP, linear in between.
- Payments settle in cash; measurement period subject to early termination or disruption extensions.

## SEC filing metadata
- accession: 0001357615-23-000137
- form_type: 8-K
- ticker: KBR
- cik: 0001357615
- company_name: KBR, INC.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1357615/000135761523000137/0001357615-23-000137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1357615/000135761523000137/kbr-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001357615-23-000137
- JSON: https://secwatch.observer/filing/0001357615-23-000137.json
- Plain text: https://secwatch.observer/filing/0001357615-23-000137.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.