LEDBETTER BRADFORD LUKE 4
4 · Kestrel Group Ltd · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Kestrel (KG) CEO Bradford Ledbetter Receives Restricted Shares
What Happened
Bradford Luke Ledbetter, CEO of Kestrel Group Ltd (KG), received two restricted share awards on 2026-03-18 totaling 145,788 shares (97,192 and 48,596) issued at $0.00 per share. On the same date 12,749 shares were withheld by the issuer to satisfy tax withholding obligations at $9.96 per share (total ≈ $126,980). The withheld shares were not an open-market sale.
Key Details
- Transaction date: 2026-03-18; Form 4 filed 2026-03-20. No late filing indicated in the provided data.
- Grants: 97,192 shares (footnote F1) and 48,596 shares (footnote F2); grant price $0.00; total granted = 145,788 shares.
- Tax withholding: 12,749 shares withheld at $9.96/share for ≈ $126,980 (footnote F3). This withholding satisfies tax liabilities and is not an open-market sale.
- Vesting: F1 — vesting in substantially equal installments with first installment vested on grant date and remaining on the first two anniversaries; F2 — vests in substantially equal installments on the first three anniversaries.
- Shares owned after transaction: Not disclosed in the information provided.
- Additional notes: Footnotes F4 and F5 reference securities held by trusts for which Ledbetter is trustee.
Context
These transactions are compensation-related (restricted share awards). Grants at $0.00 are common for executive compensation and represent a retention/compensation event rather than a purchase. The share withholding to cover taxes is routine and should not be interpreted as an insider "sale" signaling negative sentiment. Purchases (buying shares) typically carry more weight as a bullish signal than awards or routine tax withholdings.
Insider Transaction Report
- Award
Common Shares
[F1]2026-03-18+97,192→ 97,192 total - Award
Common Shares
[F2]2026-03-18+48,596→ 145,788 total - Tax Payment
Common Shares
[F3]2026-03-18$9.96/sh−12,749$126,980→ 133,039 total
- 452,941(indirect: See footnote)
Common Shares
[F4] - 452,941(indirect: See footnote)
Common Shares
[F5]
Footnotes (5)
- [F1]Represents shares issued pursuant to a Restricted Share Award ('RSA') that contains vesting and forfeiture restrictions. The shares vest in substantially equal installments with the first installment vested on the date of grant and the remaining installments vesting on the first two anniversaries of the date of grant.
- [F2]Represents shares issued pursuant to an RSA that contains vesting and forfeiture restrictions. The shares will vest in substantially equal installments on the first three anniversaries of the date of grant.
- [F3]Represents shares withheld by the Issuer to satisfy tax withholding obligations that arose in connection with a vesting and settlement event from a RSA. Not an open market sale of securities.
- [F4]Represents securities held by Bradford Luke Ledbetter 2006 Grantor Trust No. 2, of which the reporting person is the trustee.
- [F5]Represents securities held by Shari Ann Ledbetter Irrevocable 2019 Trust, of which the reporting person is the trustee.