KINGSWAY Corp (KWY) CFO adds shares through Employee Share Purchase Plan buy
Rhea-AI Filing Summary
KINGSWAY Corp CFO & EVP Kent A. Hansen bought 149 shares of common stock at $10.45 per share in an open-market purchase made through the company’s Employee Share Purchase Plan. After this transaction, he directly owns 135,702 common shares, including restricted stock granted on December 4, 2024 and March 17, 2026.
Positive
- None.
Negative
- None.
Insights
Routine employee share purchase by CFO under ESPP.
The filing shows CFO & EVP Kent A. Hansen acquired 149 common shares at $10.45 each through the Kingsway America Inc. Employee Share Purchase Plan. Contributions under this plan are partly matched by the company and used to buy shares in the open market.
Post-transaction, he holds 135,702 common shares directly, which indicates this is a very small incremental purchase relative to his overall position. There are no derivative holdings reported and no references to trading plans or unusual arrangements, so this appears to be a routine compensation-related purchase.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 149 | $10.45 | $2K |
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 6,909 shares of restricted stock granted on December 4, 2024, and 14,568 shares of restricted stock granted on March 17, 2026.