Kemper (NYSE: KMPR) director awarded 4,730 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Johnson Lacy M. reported acquisition or exercise transactions in this Form 4 filing.
KEMPER Corp director Johnson Lacy M. received an equity grant in the form of restricted stock units tied to the company’s common stock. The award covers 4,730 units at $32.77 per share under the Kemper Corporation Second A&R 2023 Omnibus Plan and is subject to forfeiture and other restrictions until it vests under the plan and award agreement. Following this grant, Lacy holds 24,641 common shares directly, reflecting routine, compensation-related stock-based awards rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson Lacy M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,730 | $32.77 | $155K |
Holdings After Transaction:
Common Stock — 24,641 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock units granted: 4,730 units
Grant price: $32.77 per share
Shares held after grant: 24,641 shares
3 metrics
Restricted stock units granted
4,730 units
Award of restricted stock units to director Johnson Lacy
Grant price
$32.77 per share
Valuation per unit for the restricted stock award
Shares held after grant
24,641 shares
Total direct Kemper common stock holdings after the award
Key Terms
restricted stock units, Second A&R 2023 Omnibus Plan, subject to forfeiture, award agreement
4 terms
restricted stock units financial
"Award of restricted stock units under the Kemper Corporation Second A&R 2023 Omnibus Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Second A&R 2023 Omnibus Plan financial
"under the Kemper Corporation Second A&R 2023 Omnibus Plan ("Plan")"
subject to forfeiture financial
"subject to forfeiture and other restrictions until vested pursuant to the Plan"
award agreement financial
"until vested pursuant to the Plan and the award agreement"
An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.
FAQ
What did Kemper (KMPR) director Johnson Lacy receive in this Form 4 filing?
Director Johnson Lacy received an award of restricted stock units tied to Kemper common stock. The grant was made under the Kemper Corporation Second A&R 2023 Omnibus Plan as routine, compensation-related equity rather than an open-market stock purchase.
How many Kemper (KMPR) restricted stock units were granted to Johnson Lacy?
Johnson Lacy was granted 4,730 restricted stock units related to Kemper common stock. These units were valued at $32.77 per share on the grant date and represent stock-based compensation awarded under the company’s Second A&R 2023 Omnibus Plan.
What restrictions apply to Johnson Lacy’s Kemper (KMPR) restricted stock units?
The restricted stock units are subject to forfeiture and other restrictions until they vest. Vesting terms are governed by the Kemper Corporation Second A&R 2023 Omnibus Plan and the specific award agreement, which together define when Lacy fully earns the units.
Was this Kemper (KMPR) transaction an open-market stock purchase or sale by Johnson Lacy?
The transaction was not an open-market trade; it was a grant or award acquisition. The Form 4 uses transaction code “A” and describes an award of restricted stock units as compensation, rather than a discretionary buy or sell in the open market.