Kingsway (KWY) CEO adds 240 shares through employee purchase plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KINGSWAY Corp President and CEO John Taylor Maloney increased his stake through the company’s employee share purchase plan. He bought 240 shares of Common Stock at $10.43 per share in an open-market purchase, bringing his directly held position to 1,455,874 shares, including 400,000 shares of restricted stock granted on March 31, 2021. He also has indirect ownership of 29,100 shares in each of three personal trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 240 shares ($2,503)
Net Buy
4 txns
Insider
Fitzgerald John Taylor Maloney
Role
President and CEO
Bought
240 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 240 | $10.43 | $3K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,455,874 shares (Direct, null);
Common Stock — 29,100 shares (Indirect, Trust-GEF)
Footnotes (1)
- The shares of Common Stock were acquired pursuant to the Kingsway America Inc. Employee Share Purchase Plan, as amended and restated effective May 29, 2014 (the "ESPP"). Pursuant to the ESPP, eligible employees may contribute an amount up to 5% of adjusted salary for each regular payroll period and, to the extent such employee has been employed by Kingsway America Inc. and its subsidiaries for 12 months, the company will make a matching contribution equal to 100% of such employee's contribution. The employee contributions and company contributions are used to purchase, as soon as administratively practicable after the date of such contributions, shares of Kingsway Corporation The shares are acquired by the administrator of the ESPP on the open market through the services of a duly registered stockbroker. Includes 400,000 shares of restricted stock granted on March 31, 2021.
Key Figures
Shares purchased: 240 shares
Purchase price: $10.43 per share
Direct holdings after transaction: 1,455,874 shares
+4 more
7 metrics
Shares purchased
240 shares
Open-market purchase under employee share purchase plan
Purchase price
$10.43 per share
Price for 240 Common Stock shares
Direct holdings after transaction
1,455,874 shares
Common Stock held directly by CEO after purchase
Restricted stock included
400,000 shares
Restricted stock granted on March 31, 2021
Trust-MPF holdings
29,100 shares
Indirect Common Stock ownership via Trust-MPF
Trust-LTF holdings
29,100 shares
Indirect Common Stock ownership via Trust-LTF
Trust-GEF holdings
29,100 shares
Indirect Common Stock ownership via Trust-GEF
Key Terms
Employee Share Purchase Plan, restricted stock, indirect ownership, open-market purchase
4 terms
restricted stock financial
"Includes 400,000 shares of restricted stock granted on March 31, 2021."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
indirect ownership financial
"direct_or_indirect: "I" with nature_of_ownership identified as Trust-MPF, Trust-LTF, and Trust-GEF"
open-market purchase financial
"transaction_action: "open-market purchase" with transaction_code "P""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
FAQ
What insider transaction did KINGSWAY (KWY) report for its CEO?
KINGSWAY reported that President and CEO John Taylor Maloney bought 240 Common Stock shares at $10.43 each. The shares were acquired through the company’s employee share purchase plan, adding to his existing direct and indirect ownership stakes.
What indirect KINGSWAY (KWY) holdings are reported for the CEO?
The Form 4 lists indirect ownership of 29,100 KINGSWAY Common Stock shares in each of three trusts labeled Trust-MPF, Trust-LTF, and Trust-GEF. These entries are reported as indirect holdings separate from his primary direct share position.