Kinsale Capital (KNSL) EVP Beachy awarded restricted stock, shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kinsale Capital Group EVP and Chief Claims Officer Mark J. Beachy reported equity compensation and related tax withholding transactions. He received a grant of 2,053 shares of common stock on March 1, 2026 under the 2025 Omnibus Incentive Plan, at no cash cost. These restricted shares vest in four equal installments on each of the first four anniversaries of the grant date.
Also on March 1, 2026, 762 shares were disposed of at $389.67 per share to cover tax obligations arising from the vesting of restricted shares, rather than an open‑market sale. After these transactions, Beachy directly owned 8,940 shares of Kinsale Capital Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Beachy Mark J.
Role
EVP and Chief Claims Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 2,053 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 762 | $389.67 | $297K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 9,702 shares (Direct)
Footnotes (1)
- Reflects restricted shares issued pursuant to the terms of the Kinsale Capital Group, Inc. 2025 Omnibus Incentive Plan. The restricted shares have a grant date of March 1, 2026, and will vest in equal installments on each of the first four anniversaries of the grant date. Shares withheld from the Reporting Person to satisfy tax obligations arising from the vesting of restricted shares.
FAQ
What insider transactions did Kinsale Capital (KNSL) executive Mark J. Beachy report?
Mark J. Beachy reported receiving 2,053 restricted common shares and a related tax-withholding share disposition. Both events occurred on March 1, 2026 and involved Kinsale Capital Group common stock issued or withheld under the company’s 2025 Omnibus Incentive Plan.
Was the KNSL Form 4 transaction by Mark J. Beachy an open-market stock sale?
No, the Form 4 notes a tax-withholding disposition of 762 shares, not an open-market sale. Those shares were withheld to satisfy tax obligations triggered by the vesting of previously granted restricted shares, according to the filing’s explanatory footnote.