Company: KNSL
Filing Date: 2025-03-28
Form Type: PRE 14A
Source: 0001669162-25-000016
Chunk: 57

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-03-28
Form: PRE 14A
Chunk 57
---
 option award or granted in tandem with all or part of an option award. The terms and conditions of a SAR award will be set forth in an applicable award agreement, as determined by the Administrator, in its sole discretion; provided, however, SARs granted in tandem with options will generally be exercisable only at such time or times and to the extent that the options to which they relate are exercisable under the Plan.

A freestanding SAR generally entitles the holder, upon exercise of the SAR, to receive payment up to, but not more than, an amount determined by multiplying (i) the excess of the fair market value of a share of common stock on the date of exercise over the base price established for such SAR on its grant date, by (ii) the number of shares as to which such SAR is being exercised. A SAR granted in tandem with an option award generally entitles the holder, upon exercise, to receive payment up to, but not more than, the number of shares equal in value to the number determined by multiplying (i) the excess of the fair market value of a share as of the date of exercise over the exercise price specified in the related option, by (ii) the number of shares in respect of which the related SAR is being exercised.

The base price for each SAR will be not less than the fair market value of a share of common stock on the grant date of the SAR. No SAR may be exercised after ten years from the date such SAR is granted.

<div align='center'>43</div>

#### Restricted Shares and Restricted Stock Units
Restricted shares or restricted stock units may be issued either alone or in addition to other awards granted under the Plan. Each participant who is granted restricted shares or restricted stock units will enter into an award agreement with the Company, containing such terms and conditions as the Administrator will determine, in its sole discretion, which award agreement will set forth, among other things, the number of shares to be awarded; the price, if any, to be paid by the participant for the acquisition of restricted shares or restricted stock units; the period of time restrictions, performance goals or other conditions that apply to delivery or vesting of such awards; and all other conditions applicable to the restricted shares and restricted stock units. If the restrictions, performance goals or conditions established by the Administrator are not attained, a participant will forfeit his or her restricted shares or restricted stock units, in accordance with the terms of the grant.

Except as otherwise provided in an award agreement relating to a restricted share award,