Kehoe Michael P 4
Research Summary
AI-generated summary
Kinsale CEO Michael Kehoe Receives Restricted Shares, Tax Withholding
What Happened
- Michael P. Kehoe, Chairman, CEO and Director of Kinsale Capital Group (KNSL), received a grant of 7,698 restricted shares on March 1, 2026. The filing also shows 2,443 shares were withheld to satisfy tax obligations related to the vesting, resulting in a reported disposition valued at $951,964.
- The grant is reported as an award (transaction code A); the share withholding is reported as transaction code F (tax withholding), not an open-market sale.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely).
- Award: 7,698 restricted shares granted at $0.00 per share (grant date March 1, 2026).
- Tax withholding: 2,443 shares withheld at $389.67 per share, total reported value $951,964.
- Vesting: Restricted shares will vest in equal installments on each of the first four anniversaries of the grant date (per footnote F1).
- Footnotes: F2 confirms the 2,443 shares were withheld to satisfy tax obligations; F3 notes Kehoe is the managing member of M.P. Kehoe, LLC and disclaims beneficial ownership of LLC-held shares except to the extent of his pecuniary interest.
- Shares owned after transaction: Not specified in the filing.
Context
- This is a routine equity award and tax-withholding event tied to restricted stock vesting/granting, not an open-market sale or a purchase of additional shares. Tax-withholding disposals are common when restricted shares vest and do not necessarily indicate a change in the insider’s view of the company.