Kingsway president and CEO John Fitzgerald acquires $3,477 of common stock
John Taylor Maloney Fitzgerald, the President and CEO of Kingsway Corp (NYSE: KWY), recently bought an additional 357 shares of the company's common stock on October 15, 2026. The purchase cost him $3,477, with each share priced at $9.74. At the moment, the stock is trading at $9.59, which represents a 28.7% decline year-to-date.
According to InvestingPro analysis, the stock seems overvalued compared to its estimated fair value. Kingsway Corporation has a market capitalization of $280.92 million. The acquisition was made through the Kingsway America Inc. Employee Share Purchase Plan (ESPP). Under this plan, eligible employees can contribute up to 5% of their adjusted salary, with the company matching the contribution at a 100% rate for employees with at least 12 months of service.
The shares were purchased via this plan, and after the transaction, Mr. Fitzgerald now directly owns 1,427,787 shares of Kingsway Corp common stock. This sum includes 300,000 restricted shares granted on March 31, 2021. He also holds indirect ownership of 29,100 shares through Trust-GEF, Trust-LTF, and Trust-MPF.
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