Kennedy-Wilson Holdings Management

Management criteria checks 2/4

Kennedy-Wilson Holdings' CEO is Bill McMorrow, appointed in Jan 1988, has a tenure of 36.25 years. total yearly compensation is $16.52M, comprised of 9.1% salary and 90.9% bonuses, including company stock and options. directly owns 8.6% of the company’s shares, worth €94.95M. The average tenure of the management team and the board of directors is 3.3 years and 9.8 years respectively.

Key information

Bill McMorrow

Chief executive officer

US$16.5m

Total compensation

CEO salary percentage	9.1%
CEO tenure	36.3yrs
CEO ownership	8.6%
Management average tenure	3.3yrs
Board average tenure	9.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill McMorrow's remuneration changed compared to Kennedy-Wilson Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$342m
Sep 30 2023	n/a	n/a	-US$65m
Jun 30 2023	n/a	n/a	US$40m
Mar 31 2023	n/a	n/a	-US$11m
Dec 31 2022	US$17m	US$2m	US$65m
Sep 30 2022	n/a	n/a	US$101m
Jun 30 2022	n/a	n/a	US$142m
Mar 31 2022	n/a	n/a	US$354m
Dec 31 2021	US$16m	US$2m	US$313m
Sep 30 2021	n/a	n/a	US$446m
Jun 30 2021	n/a	n/a	US$355m
Mar 31 2021	n/a	n/a	US$97m
Dec 31 2020	US$16m	US$2m	US$93m
Sep 30 2020	n/a	n/a	US$81m
Jun 30 2020	n/a	n/a	US$127m
Mar 31 2020	n/a	n/a	US$219m
Dec 31 2019	US$16m	US$2m	US$224m
Sep 30 2019	n/a	n/a	US$97m
Jun 30 2019	n/a	n/a	US$88m
Mar 31 2019	n/a	n/a	US$146m
Dec 31 2018	US$13m	US$2m	US$149m
Sep 30 2018	n/a	n/a	US$217m
Jun 30 2018	n/a	n/a	US$196m
Mar 31 2018	n/a	n/a	US$96m
Dec 31 2017	US$21m	US$2m	US$99m

Compensation vs Market: Bill's total compensation ($USD16.52M) is above average for companies of similar size in the German market ($USD1.29M).

Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.

CEO

Bill McMorrow (76 yo)

36.3yrs

Tenure

US$16,523,081

Compensation

Mr. William J. McMorrow, also known as Bill, serves as the Chief Executive Officer of Kennedy Wilson Commercial Investment Group. Mr. McMorrow has been the Chairman and Chief Executive Officer at Kennedy-W...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William McMorrow	Chairman & CEO	36.3yrs	US$16.52m	8.6% $ 94.9m
Matthew Windisch	President	less than a year	US$7.98m	0.98% $ 10.8m
Justin Enbody	Senior Executive VP & CFO	12yrs	US$5.14m	0.43% $ 4.7m
Daven Bhavsar	Vice President of Investor Relations	no data	no data	no data
In Lee	Executive VP & General Counsel	less than a year	no data	0.083% $ 919.5k
Emily Heidt	Vice President of Communications	1.9yrs	no data	no data
Regina Finnegan	Executive VP and Director of Global Risk Management & Human Resources	7.3yrs	no data	0.032% $ 350.9k
Kurt Zech	President of Multifamily Group	no data	no data	no data
Mike Pegler	President of Europe	less than a year	no data	0.033% $ 360.9k
Fiona D'Silva	Head of Investment of Europe	4.3yrs	no data	no data
Katie O'Neill	Managing Director of Europe	3.3yrs	no data	no data
Alex Spilger	Head of Global ESG	3.3yrs	no data	no data

3.3yrs

Average Tenure

42.5yo

Average Age

Experienced Management: 13K's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William McMorrow	Chairman & CEO	36.3yrs	US$16.52m	8.6% $ 94.9m
Stanley Zax	Independent Director	13.7yrs	US$317.03k	0.33% $ 3.7m
Norman Creighton	Independent Director	20.3yrs	US$327.03k	0.26% $ 2.9m
Todd Boehly	Independent Director	4.1yrs	US$317.03k	0.024% $ 267.5k
Trevor Bowen	Independent Director	5.5yrs	US$317.03k	0.047% $ 516.3k
David Minella	Lead Independent Director	14.4yrs	US$337.03k	1.74% $ 19.2m
Wade Sebastian R. Burton	Independent Director	1.4yrs	US$271.06k	0.0042% $ 46.4k
Richard Boucher	Independent Non-Executive Director	5.5yrs	US$331.13k	0.035% $ 385.3k
Cathy L. Hendrickson	Independent Director	20.3yrs	US$327.03k	0.068% $ 749.8k
Sanaz Zaimi	Independent Director	6yrs	US$317.03k	0.039% $ 425.5k

9.8yrs

Average Tenure

71.5yo

Average Age

Experienced Board: 13K's board of directors are considered experienced (9.8 years average tenure).

Kennedy-Wilson Holdings Management

Management criteria checks 2/4

Key information

Recent management updates

Chairman & CEO recently bought €1.1m worth of stock

Kennedy-Wilson Holdings, Inc. Announces Retirement of Mary Ricks as President and as Director on the company’s Board

Insufficient new directors

Independent Non-Executive Director recently sold €384k worth of stock

Independent Director recently bought €636k worth of stock

Insufficient new directors

Recent updates

Kennedy-Wilson Holdings, Inc. to Report Q1, 2024 Results on May 08, 2024

Now 22% overvalued

Upcoming dividend of US$0.24 per share

Fourth quarter dividend of US$0.24 announced

Full year 2023 earnings released: US$2.46 loss per share (vs US$0.47 profit in FY 2022)

Kennedy Wilson Announces Dividend on Common Share for First Quarter 2024, Payable on April 4, 2024

Kennedy-Wilson Holdings, Inc. to Report Q4, 2023 Results on Feb 21, 2024

Upcoming dividend of US$0.24 per share at 7.8% yield

Chairman & CEO recently bought €1.1m worth of stock

Third quarter 2023 earnings released: US$0.66 loss per share (vs US$0.12 profit in 3Q 2022)

Kennedy Wilson Announces Dividend on Common Share for Fourth Quarter 2023, Payable on January 4, 2024

Kennedy-Wilson Holdings, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of US$0.24 per share at 6.1% yield

Now 20% undervalued

Kennedy-Wilson Holdings, Inc. Announces Retirement of Mary Ricks as President and as Director on the company’s Board

Kennedy Wilson Completes Construction of Three Multifamily Developments in Ireland Totaling 800 Units

Now 21% undervalued

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$0.28 (vs US$0.066 loss in 2Q 2022)

Kennedy Wilson Announces Dividend of Common Share for Third Quarter 2023, Payable on October 5, 2023

Kennedy-Wilson Holdings, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Upcoming dividend of US$0.24 per share at 5.9% yield

Kennedy-Wilson Holdings, Inc. announced that it expects to receive $200 million in funding from Fairfax Financial Holdings Limited

Kennedy-Wilson Holdings, Inc. (NYSE:KW) entered into an agreement to acquire Portfolio of 74 Real Estate Construction Loans from Pacific Western Bank for approximately $2.4 billion.

First quarter 2023 earnings released: US$0.30 loss per share (vs US$0.25 profit in 1Q 2022)

Insufficient new directors

Upcoming dividend of US$0.24 per share at 6.0% yield

Full year 2022 earnings released: EPS: US$0.47 (vs US$2.26 in FY 2021)

Kennedy-Wilson Holdings, Inc. to Report Q4, 2022 Results on Feb 21, 2023

Upcoming dividend of US$0.24 per share

Independent Non-Executive Director recently sold €384k worth of stock

Third quarter 2022 earnings released: EPS: US$0.12 (vs US$0.47 in 3Q 2021)

Kennedy Wilson Announces Dividend for Fourth Quarter 2022, January 5, 2023

Kennedy-Wilson Holdings, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Upcoming dividend of US$0.24 per share

Independent Director recently bought €636k worth of stock

Kennedy-Wilson Holdings, Inc. (NYSE:KW) acquired Albuquerque's West Side apartment complex.

Second quarter 2022 earnings released: US$0.066 loss per share (vs US$1.55 profit in 2Q 2021)

Kennedy Wilson Announces Dividend for Third Quarter 2022, Payable on October 6, 2022

Intercontinental Real Estate Corporation and Kennedy-Wilson Holdings, Inc. (NYSE : KW) acquired Stockton Industrial Park for $84 million.

MG Properties Group acquired 333-unit Milpitas, CA Community for approximately $190 million.

Kennedy-Wilson Holdings, Inc. to Report Q2, 2022 Results on Aug 03, 2022

Upcoming dividend of US$0.24 per share

Kennedy-Wilson Holdings, Inc. (NYSE:KW) acquired 20 urban logistics assets in the UK from Leftfield Logistics Limited for approximately $290 million.

First quarter 2022 earnings released: EPS: US$0.25 (vs US$0.04 loss in 1Q 2021)

Kennedy-Wilson Holdings, Inc. Announces Dividend for Second Quarter 2022, Payable on July 7, 2022

Insufficient new directors

Kennedy-Wilson Holdings, Inc. to Report Q1, 2022 Results on May 04, 2022

Upcoming dividend of US$0.24 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Kennedy Wilson Announces Dividend on Common Share for First Quarter 2022, Payable on April 7, 2022

Kennedy-Wilson Holdings, Inc. (NYSE:KW) acquired Waverley Gate from Patrizia Frankfurt Kapitalverwaltungsgesellschaft mbH for approximately $100 million.

Kennedy-Wilson Holdings, Inc. (NYSE:KW) and Goldman Sachs Asset Management, L.P. acquired Coppins Well for approximately $110 million.

Kennedy-Wilson Holdings, Inc. (NYSE:KW) acquired 528-Unit Garden Style Apartment Community in Henderson, Nevada for approximately $160 million.

Upcoming dividend of US$0.24 per share

Independent Director recently bought €359k worth of stock

Independent Director recently bought €359k worth of stock

Insufficient new directors

Upcoming dividend of US$0.22 per share

Chairman & CEO recently bought €1.8m worth of stock

American Assets Trust, Inc. (NYSE : AAT) completed the acquisition of Four-building Eastgate Office Park from Kennedy-Wilson Holdings, Inc. (NYSE : KW) for approximately $130 million.

Kennedy-Wilson Holdings, Inc. (NYSE:KW) acquired Two office properties in Greater London for approximately $330 million.

Second quarter 2021 earnings released: EPS US$1.61 (vs US$0.30 loss in 2Q 2020)

Kennedy-Wilson Holdings, Inc. (NYSE:KW) along with its equity partner acquired The Capitol Building for $66 million.

Kennedy-Wilson Holdings, Inc. (NYSE:KW) and Roundhouse Group, Inc. acquired Towne Square.

Upcoming dividend of US$0.22 per share

Kennedy Wilson Europe Real Estate Fund II SCSp managed by Kennedy-Wilson Holdings, Inc. (NYSE:KW) acquired Office Building in Spain from MERLIN Properties SOCIMI, S.A. (BME:MRL).

American Assets Trust, Inc. (NYSE:AAT) agreed to acquire Eastgate Office Park in Bellevue from Kennedy-Wilson Holdings, Inc. (NYSE:KW) for approximately $130 million.

First quarter 2021 earnings released: US$0.04 loss per share (vs US$0.071 loss in 1Q 2020)