Form 4: Kemper Director Exercises Stock Options, Adjusts Share Holdings
Insider Transaction Report
George N. Cochran, a Director at Kemper Corp (KMPR), exercised multiple stock options and subsequently adjusted his beneficial ownership through net exercises on June 11, 2025.
Summary
- George N. Cochran, a Director of Kemper Corp (KMPR), engaged in several stock option exercise transactions on June 11, 2025.
- He exercised options to acquire 4,000 shares of Common Stock at an exercise price of $36.17 per share.
- He also exercised options to acquire another 4,000 shares of Common Stock at an exercise price of $38.38 per share.
- Additionally, he exercised options for 1,179 shares of Common Stock at an exercise price of $40.70 per share.
- In connection with these exercises, the issuer withheld shares for payment of the exercise price, a process known as net exercise.
- 2,292 shares were withheld at a closing price of $63.14 per share for the first 4,000 share exercise.
- 2,432 shares were withheld at a closing price of $63.14 per share for the second 4,000 share exercise.
- 760 shares were withheld at a closing price of $63.14 per share for the 1,179 share exercise.
- Following these transactions, Mr. Cochran's direct beneficial ownership of Kemper Common Stock stands at 35,316.75 shares.
Sentiment
Score: 6
Explanation: The sentiment is slightly positive as a director exercising options generally indicates confidence in the company's stock value, even though a portion of shares were withheld for tax/exercise price.
Positives
- The exercise of stock options by a director indicates confidence in the company's future performance and value, as they are choosing to convert their options into shares.
Negatives
- A significant number of shares were withheld by the issuer to cover the exercise price, reducing the net shares received by the director.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This is a routine insider transaction filing (Form 4) and does not provide broader industry context or trends. It reflects an individual director's equity compensation activity within the financial services industry.
Stakeholder Impact
- Shareholders: The transaction reflects a director's decision to increase their direct shareholding (net of withholding), which can be viewed as a positive signal of alignment with shareholder interests. However, the impact on the overall share price is typically minimal for routine Form 4 filings.
Key Dates
| Date | Description |
|---|---|
| 02/04/2015 | Date when the first block of 4,000 stock options became exercisable. |
| 05/06/2015 | Date when the second block of 4,000 stock options became exercisable. |
| 11/19/2015 | Date when the block of 1,179 stock options became exercisable and also their expiration date. |
| 06/11/2025 | Date of all reported stock option exercise and disposition transactions. |
| 06/13/2025 | Date the Form 4 filing was signed. |
| 06/15/2025 | Expiration date for two blocks of 4,000 stock options. |
Keywords
KMPR, Kemper Corp, Form 4, Insider Transaction, Stock Options, Beneficial Ownership, Director, Equity Compensation
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