Kemper (KMPB) EVP Boschelli receives stock options, RSUs and shares

Rhea-AI Filing Summary

Kemper Corp executive John Michael Boschelli reported several equity compensation transactions. On February 3, 2026, he was granted 23,629 employee stock options with a $38.09 exercise price, which vest in three equal annual installments beginning on February 7, 2027.

He also acquired 2,221 shares of common stock earned from 2023 performance share unit awards and received an additional 5,908 restricted stock units under Kemper’s 2023 Omnibus Plan. To cover tax withholding on vesting performance units, 721 shares were withheld at $38.09 per share. After these transactions, he directly owned 56,767 common shares and 23,629 options.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BOSCHELLI JOHN MICHAEL

(Last) (First) (Middle)

200 EAST RANDOLPH STREET

SUITE 3300

(Street)

CHICAGO IL 60601

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KEMPER Corp [ KMPR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Investment Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/03/2026		A		2,221(1)	A	$0	51,580	D
Common Stock	02/03/2026		F		721(2)	D	$38.09	50,859	D
Common Stock	02/03/2026		A		5,908(3)	A	$38.09	56,767	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option(4)	$38.09	02/03/2026		A		23,629		02/07/2027(5)	02/03/2036	Common Stock	23,629	$0	23,629	D

Explanation of Responses:

1. Earned pursuant to the terms of performance share unit awards granted in 2023.

2. Withholding of shares to satisfy tax withholding obligation due upon vesting of performance units.

3. Award of restricted stock units under the Kemper Corporation Second A&R 2023 Omnibus Plan ("Plan"), subject to forfeiture and other restrictions until vested pursuant to the Plan and the award agreement.

4. Option to buy stock with tandem stock appreciation right.

5. Option shares vest in three equal consecutive annual installments beginning on 2/7/27.

Remarks:

	/s/ Baird S. Allis, as Attorney-in-Fact	02/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transactions did Kemper (KMPB) report for John Michael Boschelli?

Kemper reported that EVP & Chief Investment Officer John Michael Boschelli received 23,629 employee stock options, 2,221 shares from performance awards, and 5,908 restricted stock units, while 721 shares were withheld to cover tax obligations tied to vesting performance units.

How many stock options did the Kemper (KMPB) executive receive?

Boschelli received 23,629 employee stock options at a $38.09 exercise price. These options are paired with a stock appreciation right feature and are scheduled to vest in three equal annual installments starting on February 7, 2027, subject to continued conditions.

Why were 721 Kemper (KMPB) shares withheld in this Form 4 filing?

The 721 Kemper shares were withheld to satisfy tax withholding obligations upon vesting of performance units. Instead of paying cash, a portion of the vested shares was retained to cover taxes, which reduced the net number of shares delivered to the executive.

What restricted stock units were granted to the Kemper (KMPB) EVP?

Boschelli was granted 5,908 restricted stock units under the Kemper Corporation Second A&R 2023 Omnibus Plan. These units are subject to forfeiture and other restrictions until they vest according to the plan terms and the specific award agreement governing the grant.

How many Kemper (KMPB) common shares does the executive own after these transactions?

Following the reported transactions, Boschelli directly owned 56,767 shares of Kemper common stock. This figure reflects performance share earnings, tax withholding, and the new restricted stock unit award recorded on February 3, 2026, in the Form 4 filing.

What is the vesting schedule for the new Kemper (KMPB) stock options?

The 23,629 Kemper employee stock options vest in three equal consecutive annual installments beginning on February 7, 2027. This means one-third of the options becomes exercisable each year over three years, subject to the applicable plan and award terms.