secwatch.observer — SEC 8-K summary
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Issuer:     Kennedy-Wilson Holdings, Inc. (KW)
CIK:        0001408100
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001408100-23-000120
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KW enters new exec agreements; CEO McMorrow base salary $1.5M, severance up to 3x avg comp
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- New three-year (two-year for GC Mouton) employment agreements with CEO McMorrow, President Windisch, CFO Enbody, GC Mouton, effective Sept 29, 2023.
- Base salaries: McMorrow $1.5M, Windisch $1M, Enbody $800K, Mouton $800K; eligible for annual performance bonuses and equity grants.
- Qualifying Termination severance: continued base salary through term plus lump sum up to 2x (3x for McMorrow) average of base salary and bonus for prior 3 years.
- Death/Disability severance: greater of continued salary plus prior year bonus or amount determined by committee; full vesting of equity awards.
- Agreements include restrictive covenants: confidentiality, non-disparagement, non-compete, and non-solicitation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408100/000140810023000120/0001408100-23-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408100/000140810023000120/kw-20230929.htm
  HTML page:      https://secwatch.observer/filing/0001408100-23-000120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer