Kinsale Capital (KNSL) director logs 801-share open-market stock sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kinsale Capital Group director Frederick L. Russell Jr. reported an open-market sale of 801 shares of common stock at a weighted average price of $374.17 per share, executed in multiple transactions between $374.11 and $374.52 per share. After the sale, he directly holds 460 shares and 23,566 shares are held indirectly through The Frederick L. Russell, Jr Revocable Trust, where he serves as trustee and disclaims beneficial ownership to the extent he has no pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 801 shares ($299,710)
Net Sell
2 txns
Insider
Russell Frederick L. Jr.
Role
Director
Sold
801 shs ($300K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 801 | $374.17 | $300K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 460 shares (Direct);
Common Stock, par value $0.01 per share — 23,566 shares (Indirect, As trustee of The Frederick L. Russell, Jr Revocable Trust)
Footnotes (1)
- The shares were purchased in multiple transactions at actual purchase prices ranging from $374.11 to $374.52 per share. The price reported reflects the weighted average purchase price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price. Mr. Russell is a trustee of The Frederick L. Russell, Jr Revocable Trust. Mr. Russell disclaims beneficial ownership of any shares of common stock held by The Frederick L. Russell, Jr Revocable Trust with respect to which Mr. Russell does not have a pecuniary interest therein.
FAQ
What insider transaction did Kinsale Capital (KNSL) report?
Kinsale Capital reported that director Frederick L. Russell Jr. sold 801 shares of common stock in an open-market transaction at a weighted average price of $374.17 per share, based on multiple trades within a narrow price range on the same date.
What is the indirect KNSL ownership reported for the Kinsale Capital director?
The filing shows 23,566 Kinsale Capital shares held indirectly through The Frederick L. Russell, Jr Revocable Trust. Russell is trustee and disclaims beneficial ownership of shares where he does not have a pecuniary interest, as stated in the trust-related footnote.
What does the trust disclosure mean in the KNSL insider filing?
The filing explains that shares are held by The Frederick L. Russell, Jr Revocable Trust, where Russell is trustee. He disclaims beneficial ownership for those Kinsale Capital shares to the extent he lacks pecuniary interest, clarifying how indirect holdings should be viewed for reporting purposes.