Kingsway CEO buys 205 shares at $12.19
Kingsway Financial Services President and CEO John Taylor Maloney reported an open-market purchase of 205 shares of common stock at $12.19 per share.
Rhea-AI Filing Summary
Kingsway Financial Services President and CEO John Taylor Maloney reported an open-market purchase of 205 shares of common stock at $12.19 per share. The shares were acquired through the company’s Employee Share Purchase Plan, which matches eligible employee contributions.
After this transaction, Maloney directly owned 1,460,291 common shares, which includes 400,000 shares of restricted stock granted on March 31, 2021. He also reported indirect ownership of 34,100 shares in each of three separate trusts identified as Trust‑GEF, Trust‑LTF, and Trust‑MPF.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 205 | $12.19 | $2K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. The shares of Common Stock were acquired pursuant to the Kingsway America Inc. Employee Share Purchase Plan, as amended and restated effective May 29, 2014 (the "ESPP"). Pursuant to the ESPP, eligible employees may contribute an amount up to 5% of adjusted salary for each regular payroll period and, to the extent such employee has been employed by Kingsway America Inc. and its subsidiaries for 12 months, the company will make a matching contribution equal to 100% of such employee's contribution. The employee contributions and company contributions are used to purchase, as soon as administratively practicable after the date of such contributions, shares of Kingsway Financial Services Inc. The shares are acquired by the administrator of the ESPP on the open market through the services of a duly registered stockbroker.
- F2. Includes 400,000 shares of restricted stock granted on March 31, 2021.
FAQ
What insider transaction did KFS CEO John Taylor Maloney report?
Does the CEO’s reported KFS ownership include restricted stock?
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