KINGSTONE COMPANIES, INC. 8-K

What Happened Kingstone Companies, Inc. (KINS) announced in an 8-K filed April 20, 2026 that it and CEO/President Meryl Golden entered into a Fourth Amended and Restated Employment Agreement dated April 17, 2026. The amended agreement extends Ms. Golden’s contract effective January 11, 2027 through January 10, 2029 and preserves her current base salary and bonus structure.

Key Details

• Term: Effective January 11, 2027; new expiration January 10, 2029 (extended from Jan. 10, 2027).
• Cash compensation: Annual base salary of $550,000 (unchanged). Annual bonus = 3% of consolidated income from operations before taxes (with exclusions) capped at 1.25× base salary.
• Severance: If terminated without cause or she resigns for “good reason,” she would receive remaining base salary and the 3% bonus for the rest of the term; following a change of control, payment equals 1.5× annual salary plus accrued 3% bonus.
• Equity: Grants of 40,000 restricted shares in January 2027 and January 2028. 2027 grant vests 50% on each of the first and second anniversaries; 2028 grant vests on the first anniversary. If grants are precluded, a cash payment equal to 40,000 × market price will be made.

Why It Matters This filing confirms continuity in Kingstone’s leadership and preserves the CEO’s existing compensation and incentive structure while extending her contract two additional years. Investors should note the continued use of stock-based incentives and change-of-control and termination protections, which can affect executive alignment and potential post-termination cash or equity payouts. The agreement was filed as an exhibit to the 8-K and announced via a company press release.