Form 4: Kingstone Companies CFO Jennifer Gravelle Reports Stock Transaction
SEC Form 4 Filing
Kingstone Companies' Chief Financial Officer, Jennifer Gravelle, reported a transaction involving the withholding of shares to cover taxes and the vesting of stock options.
Summary
- Jennifer Gravelle, the Chief Financial Officer of Kingstone Companies, Inc., filed a Form 4 detailing changes in her beneficial ownership of company stock.
- On January 17, 2025, 2,020 shares of common stock were withheld to cover taxes associated with a vested stock grant at a price of $15.32 per share.
- Following this transaction, Ms. Gravelle beneficially owns 10,494 shares of common stock, which includes 4,845 unvested shares that will vest on January 17, 2026.
- Ms. Gravelle also holds stock options for 10,000 shares, with 3,334 shares vesting on January 5, 2025, and 3,333 shares vesting on each of January 5, 2026 and January 5, 2027.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not contain any information that would be considered positive or negative for the company's outlook. It is a neutral event.
Industry Context
This is a standard SEC Form 4 filing, which is a routine disclosure for company insiders who have transactions in their company's stock. It is common for executives to have stock options and restricted stock grants as part of their compensation.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
- The vesting schedules for stock options and restricted stock are typical for executive compensation packages in the industry.
- The withholding of shares to cover taxes is a common practice when stock grants vest.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares being withheld for taxes.
- The vesting of stock options and restricted stock is part of the executive compensation package and is not expected to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 01/05/2025 | First tranche of stock options for 3,334 shares vests. |
| 01/17/2025 | Date of stock transaction and Form 4 filing; 2,020 shares withheld for taxes. |
| 01/05/2026 | Second tranche of stock options for 3,333 shares vests. |
| 01/17/2026 | 4,845 unvested shares vest. |
| 01/05/2027 | Third tranche of stock options for 3,333 shares vests. |
| 01/05/2029 | Expiration date of stock options. |
Keywords
Form 4, Kingstone Companies, Jennifer Gravelle, stock transaction, beneficial ownership, stock options, vesting, CFO
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