Company: KNSL
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001669162-25-000021
Chunk: 50

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 50
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 2025 Omnibus Incentive Plan (the “Plan”). The purposes of the Plan are to provide an additional incentive to selected employees, directors, independent contractors and consultants of the Company and its affiliates whose contributions are essential to the growth and success of the Company’s business, in order to strengthen the commitment of such persons to the Company and its subsidiaries, motivate such persons to faithfully and diligently perform their responsibilities and attract and retain competent and dedicated persons whose efforts will result in the long-term growth and profitability of the Company.

The Plan authorizes the Administrator (as defined below) to grant stock options, share appreciation rights, restricted shares, restricted stock units, other share-based awards, cash awards or any combination of the foregoing.

The Company currently maintains the Kinsale Capital Group, Inc. 2016 Omnibus Incentive Plan (the “2016 Plan”). The 2016 Plan will expire in accordance with its terms on July 27, 2016, and, if the Plan is approved by our shareholders, no further awards will be issued under the 2016 Plan on or following the date of the approval of the Plan.

#### Plan Highlights and Certain Important Provisions
The Plan contains a number of provisions that the Board believes are consistent with the interests of stockholders and sound corporate governance practices, including the following:

• Overall Share Limit . The total number of shares reserved under the Plan is 860,500 shares of Company common stock, subject to customary capitalization adjustments, plus any Shares subject to outstanding awards under the 2016 Plan as of the date that the stockholders of the Company approve the Plan that are forfeited or settled for cash.

• Change in Control “Double Trigger” Vesting . The Plan imposes “double-trigger” change in control vesting for equity awards that are assumed by an acquirer.

• No Liberal Recycling Provisions . The Plan provides that the following shares will not be recycled and will not be made available again for grant under the Plan: (i) those exchanged or withheld by the Company for the payment of an exercise price, base price or purchase price of any other award under the Plan; and (ii) those exchanged or withheld by the Company to satisfy the tax withholding obligations related to an award.

• No Repricing . The Company will not reprice underwater stock options or SARs under the Plan without shareholder approval other than as a result of certain customary capitalization adjustments.

• No Discount Stock Options or SARs . All stock options and stock appreciation rights must have an exercise price equal