Hansen Kent A 4
Research Summary
AI-generated summary
KINGSWAY (KWY) CFO Kent A. Hansen Buys 149 Shares
What Happened
- Kent A. Hansen, Chief Financial Officer and EVP of KINGSWAY Corporation (KWY), acquired 149 shares on June 30, 2026, at $10.45 per share for a total of $1,557. The shares were purchased under the company's Employee Share Purchase Plan (ESPP) and were acquired on the open market by the ESPP administrator.
Key Details
- Transaction date and price: June 30, 2026 — 149 shares at $10.45 per share (total $1,557).
- Acquisition type: Purchase (ESPP open-market acquisition by plan administrator).
- Filing date: July 1, 2026 (filed timely following the June 30 transaction).
- Ownership notes: The Form 4 discloses restricted stock grants included in Mr. Hansen’s holdings — 6,909 shares granted Dec 4, 2024, and 14,568 shares granted Mar 17, 2026 — but does not state a consolidated "shares owned following" total in the provided summary.
- Footnote on ESPP (from filing): Eligible employees may contribute up to 5% of adjusted salary; after 12 months of employment the company matches 100% of employee contributions. Contributions are used to buy shares as soon as administratively practicable, with purchases executed on the open market through a broker.
Context
- ESPP purchases are routine, payroll-driven transactions under a company plan and are common for employees to accumulate stock; they are typically not an immediate market-timing signal. This filing is a straightforward plan-based purchase rather than an option exercise, gift, or sale.