BRODSKY VICTOR J 4
Research Summary
AI-generated summary
Kingstone (KINS) CAO Victor Brodsky Withholds 2,453 Shares for Taxes
What Happened
- Victor J. Brodsky, Chief Accounting Officer of Kingstone Companies, had 2,453 shares withheld to satisfy withholding taxes tied to a vested stock grant. The shares were valued at $16.61 each, for a total withholding of approximately $40,744. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-04-15; Filing date: 2026-04-20 (filed five days after the transaction, which exceeds the usual two-business-day Form 4 deadline).
- Shares withheld/Disposed: 2,453 at $16.61 each; total value ≈ $40,744.
- Transaction code: F — shares were withheld to pay associated withholding taxes (per footnote F1).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnote F2: Brodsky’s reported holdings include 14,055 shares received pursuant to unvested restricted stock grants vesting as follows — 2,028 on 3/3/2027; 5,000 on 4/15/2027; 2,027 on 3/3/2028; 5,000 on 4/15/2028.
Context
- This was a routine tax-withholding transaction related to vested restricted stock, not a market sale or a new purchase; such withholdings are common and generally do not signal a change in insider confidence.
- The filing appears to have been submitted after the standard two-business-day reporting window; late filings can occur for administrative reasons but are worth noting for timeliness.