Form 4: Kingstone CFO Receives Restricted Stock Grant

Kingstone Companies' CFO, Randy L. Patten, received a restricted stock grant and had shares withheld for tax purposes, adjusting his beneficial ownership.

Summary

• Randy L. Patten, CFO, VP, and Treasurer of Kingstone Companies, Inc. (KINS), reported changes in his beneficial ownership of common stock.
• On March 3, 2026, Patten acquired 3,126 shares of common stock through a restricted stock grant at a price of $0 per share.
• Concurrently, 435 shares were disposed of (withheld) from a vested stock grant to cover associated withholding taxes, at a price of $16.53 per share.
• Following these transactions, Patten beneficially owns a total of 45,981 shares of common stock.
• This total includes 45,374 unvested restricted shares, which are subject to a specific vesting schedule.
• The vesting schedule for these unvested shares is as follows: 10,823 shares on August 25, 2026; 1,042 shares on March 3, 2027; 10,822 shares on August 25, 2027; 1,042 shares on March 3, 2028; and 21,645 shares on August 25, 2028.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, as the restricted stock grant aligns the CFO's interests with long-term shareholder value, a common practice in executive compensation.

Positives

• Receipt of 3,126 shares of common stock via a restricted stock grant, aligning management interests with shareholders.
• The grant was at a price of $0, indicating it is part of a compensation package designed to incentivize long-term performance.

Negatives

• 435 shares were withheld from a vested stock grant to cover associated withholding taxes, which reduces the immediate net share gain from the transaction.

Future Outlook

The future outlook for Randy L. Patten's beneficial ownership includes the vesting of 45,374 restricted shares over several dates through August 25, 2028, contingent on continued employment and other potential conditions of the grant.

Industry Context

StockSavvy.ai notes that restricted stock grants are a common form of executive compensation across various industries, designed to align the interests of management with long-term shareholder value by tying a portion of their compensation to the company's stock performance and future vesting schedules.

Stakeholder Impact

• Shareholders: The restricted stock grant increases the alignment of management's financial interests with long-term shareholder value, as the CFO's compensation is tied to the company's stock performance.
• Employees: This transaction reflects standard executive compensation practices, which can influence overall compensation strategies within the company.

Next Steps

• Vesting of 10,823 restricted shares on August 25, 2026.
• Vesting of 1,042 restricted shares on March 3, 2027.
• Vesting of 10,822 restricted shares on August 25, 2027.
• Vesting of 1,042 restricted shares on March 3, 2028.
• Vesting of 21,645 restricted shares on August 25, 2028.

Key Dates

Keywords

KINS, Kingstone Companies, Form 4, insider transaction, restricted stock grant, CFO, Randy L. Patten, executive compensation