Kingstone (NASDAQ: KINS) CAO logs stock grant and tax-share withholding
Rhea-AI Filing Summary
Kingstone Companies Chief Accounting Officer Victor J. Brodsky reported equity compensation activity in company common stock. He acquired 6,083 shares on March 3, 2026 through a restricted stock grant at no cash cost. On the same date, 845 shares were withheld from this vested stock grant at $16.53 per share to cover associated tax withholding, reducing the net shares he retained. Following these transactions, he directly owned 64,794 common shares, including 19,055 unvested restricted shares that are scheduled to vest in tranches between April 15, 2026 and April 15, 2028. He also indirectly held 15,000 shares through an IRA.
Positive
- None.
Negative
- None.
Insights
Routine stock grant and tax withholding, net ownership slightly higher.
The filing shows Victor J. Brodsky, Chief Accounting Officer of Kingstone Companies, receiving 6,083 common shares as a restricted stock grant, a standard form of equity compensation that does not involve open-market buying or selling.
A portion of this award, 845 shares valued at $16.53 per share, was automatically withheld to cover tax obligations linked to vesting. This tax-withholding disposition is mechanical and does not signal discretionary selling pressure in the market.
After these entries, he directly owned 64,794 shares, including 19,055 unvested restricted shares scheduled to vest in multiple tranches through April 15, 2028, plus 15,000 shares held indirectly via an IRA. These details outline his ongoing equity alignment with the company without indicating a major change in insider sentiment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,083 | $0.00 | -- |
| Tax Withholding | Common Stock | 845 | $16.53 | $14K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares received pursuant to restricted stock grant. Includes 19,055 shares received pursuant to unvested restricted stock grants. Such shares vest to the extent of 5,000 shares on April 15, 2026, 2,028 shares on March 3, 2027, 5,000 shares on April 15, 2027, 2,027 shares on March 3, 2028 and 5,000 shares on April 15, 2028. Shares were withheld from vested stock grant to pay the associated withholding taxes.