Company: KNSL
Filing Date: 2025-03-28
Form Type: PRE 14A
Source: 0001669162-25-000016
Chunk: 55

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-03-28
Form: PRE 14A
Chunk 55
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 against the aggregate number of shares of Company common stock available for awards under the Plan.

On March 27, 2025, the closing per-share price of the Company’s common stock on the NYSE was $486.75.

#### Minimum Vesting Period
Any award granted under the Plan will provide for a vesting period or performance period, as applicable, of at least one (1) year following the date of grant. Notwithstanding the foregoing, awards representing a maximum of five percent (5%) of the shares initially reserved for issuance under the Plan may be granted without any such minimum vesting condition.

#### Changes in Capitalization
In the event of any Change in Capitalization (as defined in the Plan), an equitable substitution or proportionate adjustment will be made in (i) the aggregate number of shares of common stock reserved for issuance under the Plan and the maximum number of shares that may be subject to awards granted to any participant in any calendar or fiscal year, (ii) the kind, number of securities subject to, and exercise price subject to outstanding options and share appreciation rights granted under the Plan, and (iii) the kind, number and purchase price of shares or other securities or the amount of cash or amount or type of other property subject to outstanding restricted shares, restricted stock units or other share-based awards granted under the Plan (and any fractional shares resulting from the adjustment will be eliminated). Such other equitable substitutions or adjustments will be made as may be determined by the Administrator, in its sole discretion. Without limiting the generality of the foregoing, in connection with a Change in Capitalization, the Administrator may provide, in its sole discretion, but subject in all events to the requirements of Section 409A of the Code, for the cancellation of any outstanding Award granted hereunder in exchange for payment in cash or other property having an aggregate fair market value of the shares covered by such award, reduced by the aggregate exercise price or purchase price thereof, if any. However, if the exercise price or purchase price of any outstanding award is equal to or greater than the fair market value of the shares of common stock, cash or other property covered by such award, the Board may cancel such award without the payment of any consideration to the participant. Further, without limiting the generality of the foregoing, with respect to awards subject to foreign laws, adjustments made under the Plan will be made in compliance with applicable requirements.

#### Types of Awards

#### Stock Options
The Plan authorizes awards of stock options, which includes (i) a stock option