Kingsway Corp (KWY) CEO surrenders 30,233 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kingsway Corp President and CEO John Taylor Maloney reported a tax-related share disposition. On June 15, 2026, he surrendered 30,233 shares of Kingsway common stock at $10.12 per share to cover tax withholding obligations triggered by the vesting of restricted stock.
After this tax-withholding transaction, he directly holds 1,425,641 common shares, which include 300,000 restricted shares granted on March 31, 2021. He also reports indirect ownership of common stock through several family trusts, reflecting additional indirect exposure to Kingsway shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Fitzgerald John Taylor Maloney
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 30,233 | $10.12 | $306K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,425,641 shares (Direct, null);
Common Stock — 29,100 shares (Indirect, Trust-GEF)
Footnotes (1)
- Reflects shares of the Issuer's common stock surrendered by the Reporting Person to satisfy tax withholding obligations upon the vesting of shares granted under a restricted stock agreement. Includes 300,000 shares of restricted stock granted on March 31, 2021.
Key Figures
Tax-withholding shares: 30,233 shares
Tax-withholding price: $10.12 per share
Direct holdings after transaction: 1,425,641 shares
+1 more
4 metrics
Tax-withholding shares
30,233 shares
Shares surrendered to cover tax obligations on vesting
Tax-withholding price
$10.12 per share
Value used for surrendered common shares
Direct holdings after transaction
1,425,641 shares
Common shares directly held after tax-withholding disposition
Restricted stock grant
300,000 shares
Restricted stock granted on March 31, 2021, included in holdings
Key Terms
tax withholding obligations, restricted stock, indirect ownership, Form 4
4 terms
tax withholding obligations financial
"surrendered by the Reporting Person to satisfy tax withholding obligations upon the vesting"
restricted stock financial
"shares granted under a restricted stock agreement"
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", nature_of_ownership: "Trust-MPF""
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Kingsway Corp (KWY) report on June 15, 2026?
Kingsway’s CEO reported surrendering 30,233 common shares at $10.12 each to satisfy tax withholding on vested restricted stock. This Form 4 reflects a compensation-related tax payment, not an open-market purchase or sale of shares.
Was the Kingsway Corp (KWY) CEO’s June 2026 Form 4 an open-market sale?
No. The 30,233 shares were surrendered to cover tax withholding obligations upon restricted stock vesting. This Code F transaction is a tax-withholding disposition, distinct from a discretionary open-market share sale by the insider.
What do the family trusts in the Kingsway Corp (KWY) Form 4 represent?
The Form 4 lists indirect ownership of Kingsway common stock through several trusts. Each trust entry reflects holdings attributed to the CEO as indirect ownership, giving him additional exposure beyond his directly held and restricted shares.
What restricted stock grant is referenced in the Kingsway Corp (KWY) Form 4?
The filing notes that the CEO’s direct holdings include 300,000 shares of restricted stock granted on March 31, 2021. These restricted shares form part of his equity compensation and are counted within his 1,425,641 directly held shares.