Kennedy-Wilson Holdings Management

Management criteria checks 3/4

Kennedy-Wilson Holdings' CEO is Bill McMorrow, appointed in Jan 1988, has a tenure of 36.42 years. total yearly compensation is $13.86M, comprised of 10.8% salary and 89.2% bonuses, including company stock and options. directly owns 8.69% of the company’s shares, worth $121.88M. The average tenure of the management team and the board of directors is 2.8 years and 13.8 years respectively.

Key information

Bill McMorrow

Chief executive officer

US$13.9m

Total compensation

CEO salary percentage	10.8%
CEO tenure	36.4yrs
CEO ownership	8.7%
Management average tenure	2.8yrs
Board average tenure	13.8yrs

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
Mar 31 2024	n/a	n/a	-US$274m
Dec 31 2023	US$14m	US$2m	-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 ($USD13.86M) is above average for companies of similar size in the UK market ($USD2.23M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.

CEO

Bill McMorrow (77 yo)

36.4yrs

Tenure

US$13,864,066

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	36.4yrs	US$13.86m	8.69% $ 121.9m
Matthew Windisch	President	less than a year	US$7.07m	0.99% $ 13.9m
Justin Enbody	Senior Executive VP & CFO	12.2yrs	US$4.47m	0.43% $ 6.1m
In Lee	Executive VP	less than a year	US$3.39m	0.084% $ 1.2m
Kent Mouton	Senior Adviser & Director	less than a year	US$3.96m	0.49% $ 6.9m
Daven Bhavsar	Vice President of Investor Relations	no data	no data	no data
Emily Heidt	Vice President of Communications	2.1yrs	no data	no data
Regina Finnegan	Executive VP and Global Director of Risk Management & Human Resources	7.4yrs	no data	0.032% $ 450.4k
Kurt Zech	President of Multifamily Group	no data	no data	no data
Michael Pegler	President of Europe	less than a year	no data	0.033% $ 463.2k
Katie O'Neill	Managing Director of Europe	3.4yrs	no data	no data
Alex Spilger	Head of Global ESG	3.4yrs	no data	no data

2.8yrs

Average Tenure

48yo

Average Age

Experienced Management: 0JQI's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William McMorrow	Chairman & CEO	36.4yrs	US$13.86m	8.69% $ 121.9m
Kent Mouton	Senior Adviser & Director	29.4yrs	US$3.96m	0.49% $ 6.9m
Stanley Zax	Independent Director	13.8yrs	US$329.19k	0.34% $ 4.8m
Norman Creighton	Independent Director	20.4yrs	US$339.19k	0.27% $ 3.8m
Todd Boehly	Independent Director	4.3yrs	US$329.19k	0.032% $ 443.7k
Trevor Bowen	Independent Director	5.7yrs	US$329.19k	0.047% $ 662.8k
David Minella	Lead Independent Director	14.6yrs	US$349.19k	1.76% $ 24.8m
Wade Sebastian R. Burton	Independent Director	1.6yrs	US$329.19k	0.0043% $ 59.6k
Richard Boucher	Independent Non-Executive Director	5.7yrs	US$349.19k	0.025% $ 350.1k
Cathy L. Hendrickson	Independent Director	20.4yrs	US$339.19k	0.076% $ 1.1m
Sanaz Zaimi	Independent Director	6.2yrs	US$329.19k	0.046% $ 646.5k

13.8yrs

Average Tenure

71yo

Average Age

Experienced Board: 0JQI's board of directors are seasoned and experienced ( 13.8 years average tenure).

Kennedy-Wilson Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

Kennedy-Wilson Holdings, Inc., Annual General Meeting, Jun 06, 2024

Chairman & CEO recently bought US$1.2m 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

Insufficient new directors

Insufficient new directors

Recent updates

First quarter dividend reduced to US$0.12

First quarter 2024 earnings released: EPS: US$0.19 (vs US$0.30 loss in 1Q 2023)

Kennedy Wilson Announces Dividend for Second Quarter 2024, Payable on July 5, 2024

Now 20% overvalued

Kennedy-Wilson Holdings, Inc., Annual General Meeting, Jun 06, 2024

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

Upcoming dividend of US$0.24 per share

Now 22% overvalued

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 US$1.2m 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

Now 22% undervalued after recent price drop

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

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

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

Now 21% undervalued after recent price drop

Insufficient new directors

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 5.8% 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

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

Insufficient new directors

Independent Director recently bought US$635k 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

Insufficient new directors

Upcoming dividend of US$0.24 per share

Insufficient new directors

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.

Insufficient new directors

Independent Director recently bought US$406k worth of stock

Insufficient new directors

Insufficient new directors

Chairman & CEO recently bought US$2.1m 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.