Companies Kingstone Companies
Kingstone Companies (KINS): executive pay, fiscal 2025
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CEO pay, last three years
- $661,700FY2023
- $1,158,658FY2024
- $1,871,100FY2025
CEO total pay was $1,871,100 in fiscal 2025, up from $1,158,658 in fiscal 2024.
FY2025: salary $550,000 · bonus $687,500 · stock awards $607,600 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Meryl Golden | $550,000 | $687,500 | $607,600 | $0 | $0 | $0 | $26,000 | $1,871,100 |
| Chief Executive Officer and President | ||||||||
| Randy Patten | 140,274 | 253,103 | 652,603 | 0 | 0 | 0 | 0 | 1,045,980 |
| Vice President, Chief Financial Officer and Treasurer | ||||||||
| Sarah Chen | 387,046 | 145,642 | 291,742 | 0 | 0 | 0 | 14,000 | 838,430 |
| Chief Actuary; Senior Vice President, Kingstone Insurance Company | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Meryl Golden | $1,871,100 | $1,158,658 | $661,700 | ↑ +712,442 |
| Randy Patten | 1,045,980 | — | — | — |
| Sarah Chen | 838,430 | 708,094 | 355,338 | ↑ +130,336 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The compensation structure established by our Compensation Committee is designed to attract and retain motivated executives who substantially contribute to our long-term success and the creation of stockholder value, to reward executives when we perform financially or operationally well, to align the financial interests of our executives with the interests of our stockholders, and to be competitive within our industry.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Jennifer Gravelle | OTHER | — | — | — | — | — | $133,479 |
| Meryl Golden | OTHER | — | — | — | — | — | 136,500 |
| Sarah Chen | RSA | — | — | — | — | — | 291,742 |
| Randy Patten | RSA | — | — | — | — | — | 652,603 |
Vehicle mix — grant-date fair value by award type
Grant-level vehicle detail not disclosed.
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Sarah Chen | Option | 10,000 | 2.25 | — |
| Sarah Chen | RSU | 13,956 | — | 234,879 |
| Meryl Golden | RSU | 40,000 | — | 673,200 |
| Randy Patten | RSU | 43,290 | — | 728,571 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Thomas NewgardenIndependent · Board Chair · Audit · Compensation · Risk (Chair) | $182,500 | $53,000 | $0 | — | $0 | $235,500 |
| Floyd R. TupperIndependent · Audit (Chair) · Nominating/Governance · Compensation | 75,000 | 53,000 | 0 | — | 0 | 128,000 |
| William L. YankusIndependent · Audit · Compensation (Chair) | 67,500 | 53,000 | 0 | — | 0 | 120,500 |
| Manmohan SinghIndependent · Nominating/Governance · Compensation · Investment and Capital (Chair) | 57,500 | 53,000 | 0 | — | 0 | 110,500 |
| Carla A. D'AndreIndependent · Departed during FY | 38,985 | 53,000 | 0 | — | 0 | 91,985 |
| Timothy P. McFaddenIndependent · Departed during FY | 37,489 | 53,000 | 0 | — | 0 | 90,489 |
| Pranav PasrichaIndependent · Nominating/Governance (Chair) | 26,119 | 21,350 | 0 | — | 0 | 47,469 |
| Meryl S. GoldenEmployee director | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $53,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 15,000 / 15,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $485,093 |
| Equity awards (grant-date value) | $339,350 |
| All other compensation | $0 |
| Total cost of the board | $824,443 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Kingstone Companies as a peer
Companies that benchmark against KINS
3 companies name KINS as a compensation peer
- AMERICAN COASTAL INSURANCE CorpACICFY2025
- AMERISAFE INCAMSFFY2025
- NI Holdings, Inc.NODKFY2025
Each company listed discloses KINS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named KINS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Kingstone Companies | 2025 | Meryl Golden | $550,000 | $607,600 | $0 | $0 | $1,871,100 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-08-05 | 7,012,944 | 151,777 | 762,700 | 97.88% | Passed |
| 2025 | 2025-08-06 | 5,517,003 | 324,524 | 20,804 | 94.11% | Passed |
| 2024 | 2024-08-07 | 4,752,903 | 147,129 | 14,183 | 96.72% | Passed |
| 2023 | 2023-08-09 | 3,784,529 | 1,475,775 | 40,652 | 71.39% | Passed |
| 2022 | 2022-08-11 | 4,347,970 | 2,605,978 | 125,153 | 61.42% | Passed |
| 2021 | 2021-08-10 | 6,149,746 | 652,114 | 110,731 | 88.96% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-08-05 | 97.88%a |
| 2025 | 2025-08-06 | 94.11%b |
| 2024 | 2024-08-07 | 96.72%c |
a. Voting standard not stated in the filing.
b. Approved under the standard stated in the filing — “Since each of Proposals 2 and 3 requires the affirmative approval of a majority of the shares of common stock present online or represented by proxy at the meeting and entitled to vote (assuming a quorum is present at the meeting), abstentions will have the effect of a negative vote while broker non-votes will have no effect.”.
c. Approved under the standard stated in the filing — “Since each of Proposals 2, 3 and 4 requires the affirmative approval of a majority of the shares of common stock present in person or represented by proxy at the meeting and entitled to vote (assuming a quorum is present at the meeting), abstentions will have the effect of a negative vote while broker non-votes will have no effect.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Randy Patten | CFO, VP and Treasurer | 2026-08-25 | D | 5,309 | $20 | $106,658 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
Sources (23 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Meryl Golden. DEF 14A, filed 2026-06-25. Section “Summary Compensation Table” · page 3. As printed: 1,871,100. View filing ↗
- Section 01, Randy Patten. DEF 14A, filed 2026-06-25. Section “Summary Compensation Table”. As printed: 1,045,980. View filing ↗
- Section 01, Sarah Chen. DEF 14A, filed 2026-06-25. Section “Summary Compensation Table”. As printed: 838,430. View filing ↗
- Section 03, Jennifer Gravelle OTHER. DEF 14A, filed 2025-06-26. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 03, Meryl Golden OTHER. DEF 14A, filed 2025-06-26. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 03, Sarah Chen RSA. DEF 14A. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 03, Randy Patten RSA. DEF 14A. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. 10-K, filed 2026-03-16. Section “CEO Pay Ratio”. As printed: —. View filing ↗
- Section 08, Thomas Newgarden. DEF 14A, filed 2026-06-25. Section “Director Compensation”. As printed: 235,500. View filing ↗
- Section 08, Floyd R. Tupper. DEF 14A, filed 2026-06-25. Section “Director Compensation”. As printed: 128,000. View filing ↗
- Section 08, William L. Yankus. DEF 14A, filed 2026-06-25. Section “Director Compensation”. As printed: 120,500. View filing ↗
- Section 08, Manmohan Singh. DEF 14A, filed 2026-06-25. Section “Director Compensation”. As printed: 110,500. View filing ↗
- Section 08, Carla A. D'Andre. DEF 14A, filed 2026-06-25. Section “Director Compensation”. As printed: 91,985. View filing ↗
- Section 08, Timothy P. McFadden. DEF 14A, filed 2026-06-25. Section “Director Compensation”. As printed: 90,489. View filing ↗
- Section 08, Pranav Pasricha. DEF 14A, filed 2026-06-25. Section “Director Compensation”. As printed: 47,469. View filing ↗
- Section 08, Meryl S. Golden. DEF 14A, filed 2026-06-25. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Randy Patten 2026-08-25. Form 4, filed 2026-08-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-08-07. Item 5.07 · say-on-pay result. As reported: 97.88% (votes for as printed: 7,012,944). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-08-07. Item 5.07 · say-on-pay result. As reported: 94.11% (votes for as printed: 5,517,003). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-08-08. Item 5.07 · say-on-pay result. As reported: 96.72% (votes for as printed: 4,752,903). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 485,093 + equity 339,350 + all other 0 = 824,443, summed across the director compensation table rows.
- Kingstone Companies (subject), Section 10b CEO total. DEF 14A, filed 2026-06-25. CEO total compensation as printed in Kingstone Companies's own proxy. As printed: 1,871,100. View filing ↗