Director at Kemper (NYSE: KMPB) gets 4,730 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cochran George N reported acquisition or exercise transactions in this Form 4 filing.
KEMPER Corp director George N. Cochran received a grant of 4,730 shares of Common Stock on an award basis, not through an open-market purchase. The shares were valued at $32.77 each at grant and increased his directly owned stake to 40,046.75 shares.
The award consists of restricted stock units granted 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 and the related award agreement, meaning Cochran’s full rights to these shares depend on future vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cochran George N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,730 | $32.77 | $155K |
Holdings After Transaction:
Common Stock — 40,046.75 shares (Direct, null)
Footnotes (1)
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Key Figures
Equity award size: 4,730 shares
Grant value per share: $32.77 per share
Shares owned after award: 40,046.75 shares
3 metrics
Equity award size
4,730 shares
Restricted stock unit grant of Common Stock
Grant value per share
$32.77 per share
Reported value for the 4,730-share award
Shares owned after award
40,046.75 shares
Director’s direct Common Stock holdings post-transaction
Key Terms
restricted stock units, Second A&R 2023 Omnibus Plan, subject to forfeiture
3 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"
FAQ
What insider transaction did Kemper Corp (KMPB) report on this Form 4?
Kemper Corp reported that director George N. Cochran received a grant of 4,730 shares of Common Stock. The grant was an award under the company’s omnibus equity plan, rather than an open-market stock purchase, and increased his directly owned holdings.
Was the Kemper Corp (KMPB) Form 4 transaction a stock purchase or an equity award?
The transaction was an equity award, not a market purchase. George N. Cochran received 4,730 shares of Common Stock as a grant under Kemper’s Second A&R 2023 Omnibus Plan, reflecting compensation-related restricted stock units subject to vesting conditions.
What are the vesting conditions on the Kemper Corp (KMPB) restricted stock unit award?
The award is made under the Kemper Corporation Second A&R 2023 Omnibus Plan and is subject to forfeiture and other restrictions until vested. Vesting follows the plan and award agreement, which govern when Cochran gains full, non-forfeitable rights to the shares.
Does the Kemper Corp (KMPB) Form 4 mention any derivative securities or option exercises?
No derivative securities or option exercises are listed in this Form 4. The filing only reports a non-derivative transaction: a grant of 4,730 shares of Common Stock as restricted stock units under Kemper’s omnibus equity compensation plan.