Kingstone Companies Adopts 2024 Equity Plan
Ticker: KINS · Form: 8-K · Filed: May 16, 2024 · CIK: 33992
Sentiment: neutral
Topics: equity-plan, incentive, compensation
Related Tickers: KING
TL;DR
Kingstone just launched a new stock incentive plan to keep employees and execs motivated.
AI Summary
On May 10, 2024, Kingstone Companies, Inc. announced the adoption of the 2024 Equity Participation Plan. This plan allows for the granting of stock options, restricted stock, and other equity-based awards to employees and directors. The company aims to align employee interests with shareholder value and incentivize long-term performance.
Why It Matters
This equity plan could incentivize key personnel and align their interests with shareholders, potentially impacting future company performance and stock valuation.
Risk Assessment
Risk Level: low — The filing details a standard equity participation plan, which is a common corporate practice and does not inherently present immediate financial risks.
Key Players & Entities
- KINGSTONE COMPANIES, INC. (company) — Registrant
- 2024 Equity Participation Plan (plan) — Subject of the filing
- May 10, 2024 (date) — Date of earliest event reported
FAQ
What is the purpose of the 2024 Equity Participation Plan?
The plan is designed to provide incentives to employees and directors through stock options, restricted stock, and other equity-based awards, aiming to align their interests with shareholder value and promote long-term performance.
When was the 2024 Equity Participation Plan adopted?
The earliest event reported regarding the plan was on May 10, 2024.
What types of equity awards can be granted under the plan?
The plan allows for the granting of stock options, restricted stock, and other equity-based awards.
Who are the potential recipients of awards under the plan?
Employees and directors of Kingstone Companies, Inc. are eligible to receive awards under the plan.
What is the filing date of this 8-K report?
This 8-K report was filed as of May 16, 2024.
Filing Stats: 513 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-05-16 16:18:39
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share KINS NASDAQ Cap
Filing Documents
- kins8k.htm (8-K) — 23KB
- ex10_1.htm (EX-10.1) — 104KB
- 0001021771-24-000128.txt ( ) — 259KB
- kins-20240510.xsd (EX-101.SCH) — 4KB
- kins-20240510_lab.xml (EX-101.LAB) — 22KB
- kins-20240510_pre.xml (EX-101.PRE) — 16KB
- kins8k_htm.xml (XML) — 4KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) On May 10, 2024, the Board of Directors of Kingstone Companies, Inc. (the "Company") adopted a 2024 Equity Participation Plan (the "Plan") pursuant to which, subject to shareholder approval of the Plan, a total of 1,000,000 shares of common stock of the Company will be authorized to be issued pursuant to the grant of stock options, stock appreciation rights and stock bonuses. The Plan replaces the Company's 2014 Equity Participation Plan which will terminate on August 12, 2024. The foregoing description of the Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the Plan filed as Exhibit 10.1 to this Current Report on Form 8-K which is incorporated by reference herein.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: 10.1 Kingstone Companies, Inc. 2024 Equity Participation Plan
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KINGSTONE COMPANIES, INC. Dated: May 16, 2024 By: /s/ Meryl Golden Meryl Golden President and CEO