Form 4: Kingsway Financial Services CFO Kent A. Hansen Reports Stock Transaction
SEC Form 4 Filing
CFO and EVP of Kingsway Financial Services, Kent A. Hansen, reports the disposition of common stock to cover tax obligations related to vesting restricted stock.
Summary
- On March 28, 2025, Kent A. Hansen, CFO & EVP of Kingsway Financial Services Inc., engaged in a transaction involving the company's common stock.
- Hansen disposed of 38 shares of common stock at a price of $8.2 per share to satisfy tax withholding obligations upon the vesting of restricted stock.
- Following the transaction, Hansen beneficially owns 134,893 shares of Kingsway Financial Services Inc.
- This total includes 8,370 shares of restricted stock granted on December 15, 2022, 14,204 shares granted on March 26, 2024, and 20,728 shares granted on December 4, 2024.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/15/2022 | Grant date of 8,370 restricted stock shares. |
| 03/26/2024 | Grant date of 14,204 restricted stock shares. |
| 12/04/2024 | Grant date of 20,728 restricted stock shares. |
| 03/28/2025 | Date of stock transaction where 38 shares were disposed of. |
| 03/31/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Kingsway Financial Services, Kent A. Hansen, Stock Transaction, Beneficial Ownership, CFO, EVP, Restricted Stock, Tax Withholding
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