Russell Frederick L. Jr. 4
4 · Kinsale Capital Group, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Kinsale (KNSL) Director Russell Exercises Options, Sells Shares
What Happened
Russell Frederick L. Jr., a director of Kinsale Capital Group (KNSL), exercised 4,000 stock options (strike $16.00) on February 26, 2026, paying $64,000 total. The filing shows he then sold 4,000 common shares in an open-market transaction the same day for a weighted-average price of $379.50, generating approximately $1,518,000 in proceeds. The filing also records a derivative disposition (4,000 at $0), which reflects the cancellation/surrender of the option instrument upon exercise.
Key Details
- Transaction date: 2026-02-26; Form 4 filed 2026-03-02 (within the required two business days).
- Exercise: 4,000 shares acquired at $16.00 each — cost $64,000.
- Sale: 4,000 shares sold at a weighted-average price of $379.50 — proceeds ≈ $1,518,000.
- Sale prices actually ranged from $379.40 to $380.17 (weighted average reported; reporting person will provide trade-level prices on request) — Footnote F1.
- Options were granted July 27, 2016 under the 2016 Omnibus Incentive Plan and are fully vested — Footnotes F3, F4.
- Trust disclosure: Mr. Russell is trustee of The Frederick L. Russell, Jr. Revocable Trust and disclaims beneficial ownership of trust-held shares where he has no pecuniary interest — Footnote F2.
- Shares owned after the transactions: not specified in the provided filing details.
Context
This was an option exercise immediately followed by an open-market sale (a common "cashless" pattern to realize value and cover exercise cost/taxes). The sequence — exercise then sale — is routine and not, by itself, an indication of company outlook. The filing appears timely.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.01 per share
2026-02-26$16.00/sh+4,000$64,000→ 4,460 total - Sale
Common Stock, par value $0.01 per share
[F1]2026-02-26$379.50/sh−4,000$1,518,000→ 460 total - Exercise/Conversion
Options (right to buy)
[F3][F4]2026-02-26−4,000→ 0 totalExercise: $16.00Exp: 2026-07-27→ Common Stock, par value $0.01 per share (4,000 underlying)
- 23,566(indirect: By Trust)
Common Stock, par value $0.01 per share
[F2]
Footnotes (4)
- [F1]The shares were purchased in multiple transactions at actual purchase prices ranging from $379.40 to $380.17 per share. The price reported reflects the weighted average purchase price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
- [F2]Mr. Russell is a trustee of The Frederick L. Russell, Jr Revocable Trust. Mr. Russell disclaims beneficial ownership of any shares of common stock held by The Frederick L. Russell, Jr Revocable Trust with respect to which Mr. Russell does not have a pecuniary interest therein.
- [F3]Granted on July 27, 2016 under the Kinsale Capital Group, Inc. 2016 Omnibus Incentive Plan.
- [F4]The options are fully vested.