Form 4: Kinsale Capital Group SVP, Chief Accounting Officer Christopher R. Tangard Reports Changes in Beneficial Ownership

Christopher R. Tangard, SVP, Chief Accounting Officer of Kinsale Capital Group, Inc., reports acquisition and disposal of common stock due to restricted share issuance and tax obligation fulfillment.

Summary

• On March 1, 2025, Christopher R. Tangard, SVP, Chief Accounting Officer of Kinsale Capital Group, Inc., acquired 578 shares of common stock related to restricted shares issued under the 2016 Omnibus Incentive Plan.
• These restricted shares vest in equal installments over four years from the grant date.
• On the same date, Tangard disposed of 101 shares to cover tax obligations arising from the vesting of restricted shares at a price of $431.85 per share.
• Following these transactions, Tangard directly owns 2,106 shares of common stock and indirectly owns 50 shares held in a spouse's IRA.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider alignment with company performance. There are no indications of negative events or concerns.

Positives

• The acquisition of restricted shares indicates a continued alignment of the officer's interests with the company's long-term performance.

Future Outlook

The restricted shares will vest in equal installments on each of the first four anniversaries of the grant date, suggesting continued equity-based compensation for the reporting person.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors regarding insider transactions.

Comparison to Industry Standards

• Similar filings are common across publicly traded companies, such as Chubb (CB) and The Hartford (HIG), where executives regularly report transactions in company stock.
• The vesting schedule of the restricted shares (equal installments over four years) is a typical equity compensation structure, aligning with industry norms for executive incentives.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions, which can influence investor confidence.

Key Dates