Kestrel Group Ltd 8-K

What Happened

• Kestrel Group Ltd announced on March 16, 2026 (8-K) that its Compensation Committee approved restricted share awards (RSAs) for three senior executives — Terry Ledbetter, Bradford Ledbetter and Haveron. The Committee approved $1,300,000 in RSAs each for fiscal year 2025 (to be granted March 18, 2026) and $650,000 in RSAs each for fiscal year 2026 (also to be granted March 18, 2026), for a combined $1,950,000 per executive.
• The 2025 RSAs will vest in substantially equal installments with the first installment vesting on the grant date and the remaining installments vesting on the first and second anniversaries of the grant. The 2026 RSAs will vest in substantially equal installments on each of the first three anniversaries of the grant date. The RSA form is described in Exhibit 10.1 to the Company’s 10-Q for the quarter ended Sept. 30, 2025 (filed Nov. 5, 2025).

Key Details

• Approved on March 10, 2026; grants to be issued March 18, 2026.
• Recipients: Terry Ledbetter, Bradford Ledbetter, and Haveron.
• Dollar amounts: $1,300,000 per executive for FY2025 RSAs; $650,000 per executive for FY2026 RSAs (total $1,950,000 each).
• Vesting: FY2025 RSAs — one installment at grant date, then on 1st and 2nd anniversaries; FY2026 RSAs — equal installments on the 1st, 2nd and 3rd anniversaries.

Why It Matters

• These awards increase equity compensation for the company’s top executives and affect potential future dilution and executive alignment with shareholders. Investors should note the timing (awards granted March 18, 2026) and multi-year vesting schedules that tie payout to future service. The filing is a disclosure of compensatory arrangements under Item 5.02 and does not report changes in executive departures or appointments.