Form 4: Kinsale Capital Group President and COO Brian D. Haney Reports Stock Sales

Brian D. Haney, President and COO of Kinsale Capital Group, reported sales of common stock held indirectly through his spouse on June 13, 2024, according to a Form 4 filing with the SEC.

Summary

• On June 13, 2024, Brian D. Haney, the President and COO of Kinsale Capital Group, filed a Form 4 with the SEC.
• The filing indicates sales of Kinsale Capital Group common stock, par value $0.01 per share, held indirectly through his spouse.
• The sales were executed under a Rule 10b5-1 trading plan adopted by the Reporting Person's spouse on December 14, 2022.
• A total of 1,500 shares were sold in multiple transactions at varying prices.
• Specifically, 199 shares were sold at a weighted average price of $384.43, 913 shares at $385.46, 6 shares at $386.14, and 382 shares at $388.25.
• Following these transactions, the reporting person's spouse beneficially owns 62,331 shares.
• Brian D. Haney directly owns 95,625 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by an insider. It doesn't inherently convey positive or negative sentiment, as it's simply a report of transactions.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their trading activities. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The stock sales by an insider could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates concerns about opportunistic trading.

Key Dates