[Form 3] NNN REIT, Inc. Initial Statement of Beneficial Ownership
Kingstone Companies, Inc. (NASDAQ: KINS) filed an 8-K announcing the appointment of Randy L. Patten as Chief Financial Officer, effective 25 Aug 2025. Patten, 51, brings 28 years of property-and-casualty insurance finance experience, most recently as VP, Chief Accounting Officer & Treasurer at NEXT Insurance, and previously as Interim Co-CFO and Controller at United Fire Group (UFCS).
- Employment term runs through 25 Aug 2028.
- Base salary: $400,000.
- Target annual bonus: 25 % of salary; 2025 floor of $35,000.
- Sign-on cash bonus: $200,000, paid on start date.
- Equity: $600,000 in restricted stock, vesting 25 % / 25 % / 50 % over three years under the 2024 Equity Plan.
The hire fills a critical executive post and may strengthen financial management and investor relations. No other operational or financial metrics were disclosed. Related exhibits include the press release (Ex. 99.1) and the full employment agreement (Ex. 99.2).
Kingstone Companies, Inc. (NASDAQ: KINS) ha annunciato tramite un modulo 8-K la nomina di Randy L. Patten come Chief Financial Officer, con effetto dal 25 agosto 2025. Patten, 51 anni, vanta 28 anni di esperienza nella finanza assicurativa property-and-casualty, pi霉 recentemente come VP, Chief Accounting Officer e Tesoriere presso NEXT Insurance, e in precedenza come Interim Co-CFO e Controller presso United Fire Group (UFCS).
- Il contratto di lavoro avr脿 durata fino al 25 agosto 2028.
- Salario base: 400.000 dollari.
- Bonus annuale target: 25% del salario; minimo 2025 di 35.000 dollari.
- Bonus di benvenuto in contanti: 200.000 dollari, pagati alla data di inizio.
- Equity: 600.000 dollari in azioni vincolate, con maturazione del 25% / 25% / 50% in tre anni secondo il Piano Azionario 2024.
Questa assunzione copre un ruolo esecutivo chiave e potrebbe rafforzare la gestione finanziaria e i rapporti con gli investitori. Non sono stati divulgati altri dati operativi o finanziari. Gli allegati correlati includono il comunicato stampa (Ex. 99.1) e il contratto di lavoro completo (Ex. 99.2).
Kingstone Companies, Inc. (NASDAQ: KINS) present贸 un formulario 8-K anunciando el nombramiento de Randy L. Patten como Director Financiero, con efecto a partir del 25 de agosto de 2025. Patten, de 51 a帽os, aporta 28 a帽os de experiencia en finanzas de seguros de propiedad y accidentes, m谩s recientemente como VP, Director de Contabilidad y Tesorero en NEXT Insurance, y anteriormente como Co-CFO interino y Controller en United Fire Group (UFCS).
- El contrato laboral se extiende hasta el 25 de agosto de 2028.
- Salario base: 400,000 d贸lares.
- Bono anual objetivo: 25% del salario; m铆nimo para 2025 de 35,000 d贸lares.
- Bono de bienvenida en efectivo: 200,000 d贸lares, pagados en la fecha de inicio.
- Equidad: 600,000 d贸lares en acciones restringidas, con vesting del 25% / 25% / 50% durante tres a帽os bajo el Plan de Acciones 2024.
Esta contrataci贸n cubre un puesto ejecutivo cr铆tico y podr铆a fortalecer la gesti贸n financiera y las relaciones con inversionistas. No se divulgaron otros datos operativos o financieros. Los documentos relacionados incluyen el comunicado de prensa (Ex. 99.1) y el acuerdo laboral completo (Ex. 99.2).
Kingstone Companies, Inc. (NASDAQ: KINS)電� 2025雲� 8鞗� 25鞚茧秬搿� Randy L. Patten鞚� 斓滉碃鞛毂呾瀯鞛�(CFO)搿� 鞛勲獏頄堧嫟瓿� 8-K 氤搓碃靹滊ゼ 韱淀暣 氚滍憸頄堨姷雼堧嫟. 51靹胳澑 Patten鞚� 28雲勱皠鞚� 靻愴暣氤错棙 鞛 瓴巾棙鞚� 氤挫湢頃橁碃 鞛堨溂氅�, 斓滉芳鞐愲姅 NEXT Insurance鞐愳劀 攵�靷灔, 斓滉碃須岅硠毂呾瀯鞛� 氚� 鞛雼措嫻 鞚挫偓毳� 鞐瀯頄堨溂氅�, 鞚挫爠鞐愲姅 United Fire Group(UFCS)鞐愳劀 鞛勳嫓 瓿惦彊 CFO 氚� 甏�毽瀽搿� 攴茧頄堨姷雼堧嫟.
- 瓿犾毄 旮瓣皠鞚� 2028雲� 8鞗� 25鞚缄箤歆�鞛呺媹雼�.
- 旮半掣 鞐半磯: 40毵� 雼煬.
- 氇╉憸 鞐瓣皠 氤措剤鞀�: 鞐半磯鞚� 25%; 2025雲� 斓滌唽 氤措剤鞀�電� 3毵� 5觳� 雼煬鞛呺媹雼�.
- 鞛呾偓 鞁� 歆�旮夒悩電� 靹滊獏 順勱笀 氤措剤鞀�: 20毵� 雼煬.
- 欤检嫕 氤挫儊: 2024雲� 欤检嫕 瓿勴殟鞐� 霐半澕 3雲勳棎 瓯胳硱 25% / 25% / 50% 牍勳湪搿� 氩犾姢韺呺悩電� 鞝滍暅 欤检嫕 60毵� 雼煬 靸侂嫻.
鞚措矆 毂勳毄鞚� 欷戩殧頃� 瓴届榿歆� 歆侅眳鞚� 毂勳毎電� 瓴冹溂搿�, 鞛 甏�毽� 氚� 韴瀽鞛� 甏�瓿勲ゼ 臧曧檾頃� 靾� 鞛堨潉 瓴冹溂搿� 氤挫瀰雼堧嫟. 雼るジ 鞖挫榿 霕愲姅 鞛 歆�響滊姅 瓿店皽霅橃 鞎婌晿鞀惦媹雼�. 甏�霠� 靹滊搿滊姅 氤措弰鞛愲(Ex. 99.1)鞕� 鞝勳泊 瓿犾毄 瓿勳暯靹�(Ex. 99.2)臧� 韽暔霅橃柎 鞛堨姷雼堧嫟.
Kingstone Companies, Inc. (NASDAQ : KINS) a d茅pos茅 un formulaire 8-K annon莽ant la nomination de Randy L. Patten au poste de Directeur Financier, 脿 compter du 25 ao没t 2025. Patten, 51 ans, poss猫de 28 ans d'exp茅rience en finance d'assurance dommages, ayant r茅cemment occup茅 les postes de VP, Directeur Comptable et Tr茅sorier chez NEXT Insurance, et auparavant Co-CFO par int茅rim et Contr么leur chez United Fire Group (UFCS).
- Dur茅e du contrat : jusqu'au 25 ao没t 2028.
- Salaire de base : 400 000 dollars.
- Bonus annuel cible : 25 % du salaire ; plancher 2025 de 35 000 dollars.
- Prime d'embauche en esp猫ces : 200 000 dollars, vers茅e 脿 la date de d茅but.
- Actions : 600 000 dollars en actions restreintes, acquises 脿 raison de 25 % / 25 % / 50 % sur trois ans selon le Plan d'Actions 2024.
Ce recrutement comble un poste ex茅cutif cl茅 et pourrait renforcer la gestion financi猫re ainsi que les relations avec les investisseurs. Aucune autre donn茅e op茅rationnelle ou financi猫re n'a 茅t茅 divulgu茅e. Les documents associ茅s comprennent le communiqu茅 de presse (Ex. 99.1) et le contrat de travail complet (Ex. 99.2).
Kingstone Companies, Inc. (NASDAQ: KINS) hat in einer 8-K Meldung die Ernennung von Randy L. Patten zum Chief Financial Officer bekannt gegeben, wirksam ab dem 25. August 2025. Patten, 51 Jahre alt, bringt 28 Jahre Erfahrung im Bereich Property-and-Casualty-Versicherungsfinanzen mit, zuletzt als VP, Chief Accounting Officer & Treasurer bei NEXT Insurance, zuvor als Interim Co-CFO und Controller bei United Fire Group (UFCS).
- Besch盲ftigungsdauer bis zum 25. August 2028.
- Grundgehalt: 400.000 US-Dollar.
- Geplante Jahresbonus: 25 % des Gehalts; 2025 Mindestbonus von 35.000 US-Dollar.
- Einmaliger Einstiegsbonus in bar: 200.000 US-Dollar, zahlbar am ersten Arbeitstag.
- Aktienbeteiligung: 600.000 US-Dollar in Restricted Stock, die 眉ber drei Jahre mit 25 % / 25 % / 50 % unter dem Equity Plan 2024 vesten.
Die Einstellung besetzt eine wichtige F眉hrungsposition und k枚nnte das Finanzmanagement sowie die Investor Relations st盲rken. Weitere operative oder finanzielle Kennzahlen wurden nicht bekannt gegeben. Zu den beigef眉gten Dokumenten geh枚ren die Pressemitteilung (Ex. 99.1) und der vollst盲ndige Arbeitsvertrag (Ex. 99.2).
- Experienced CFO hired: 28-year insurance veteran may improve financial controls and market credibility.
- Long-term equity alignment: $600k restricted stock grant vests over three years, incentivising retention and performance.
- Added compensation expense: $200k sign-on bonus and $400k salary increase operating costs.
- Potential dilution: New equity grant, while modest, adds to share count over vesting period.
Insights
TL;DR: Seasoned insurance finance executive becomes KINS CFO; modestly positive for governance and credibility.
Patten鈥檚 background at NEXT Insurance and United Fire Group aligns closely with Kingstone鈥檚 P&C focus, bringing depth in accounting, capital management and investor outreach. The multi-year contract and equity grant suggest commitment to long-term turnaround efforts after recent underwriting volatility. Compensation is market-normal for a ~$100 m market-cap carrier, so dilution and cash outlay are limited. While immediate earnings impact is negligible, stronger financial stewardship can lower capital-market costs and support future rate filings. Overall, the event is incrementally favorable but not transformative.
Kingstone Companies, Inc. (NASDAQ: KINS) ha annunciato tramite un modulo 8-K la nomina di Randy L. Patten come Chief Financial Officer, con effetto dal 25 agosto 2025. Patten, 51 anni, vanta 28 anni di esperienza nella finanza assicurativa property-and-casualty, pi霉 recentemente come VP, Chief Accounting Officer e Tesoriere presso NEXT Insurance, e in precedenza come Interim Co-CFO e Controller presso United Fire Group (UFCS).
- Il contratto di lavoro avr脿 durata fino al 25 agosto 2028.
- Salario base: 400.000 dollari.
- Bonus annuale target: 25% del salario; minimo 2025 di 35.000 dollari.
- Bonus di benvenuto in contanti: 200.000 dollari, pagati alla data di inizio.
- Equity: 600.000 dollari in azioni vincolate, con maturazione del 25% / 25% / 50% in tre anni secondo il Piano Azionario 2024.
Questa assunzione copre un ruolo esecutivo chiave e potrebbe rafforzare la gestione finanziaria e i rapporti con gli investitori. Non sono stati divulgati altri dati operativi o finanziari. Gli allegati correlati includono il comunicato stampa (Ex. 99.1) e il contratto di lavoro completo (Ex. 99.2).
Kingstone Companies, Inc. (NASDAQ: KINS) present贸 un formulario 8-K anunciando el nombramiento de Randy L. Patten como Director Financiero, con efecto a partir del 25 de agosto de 2025. Patten, de 51 a帽os, aporta 28 a帽os de experiencia en finanzas de seguros de propiedad y accidentes, m谩s recientemente como VP, Director de Contabilidad y Tesorero en NEXT Insurance, y anteriormente como Co-CFO interino y Controller en United Fire Group (UFCS).
- El contrato laboral se extiende hasta el 25 de agosto de 2028.
- Salario base: 400,000 d贸lares.
- Bono anual objetivo: 25% del salario; m铆nimo para 2025 de 35,000 d贸lares.
- Bono de bienvenida en efectivo: 200,000 d贸lares, pagados en la fecha de inicio.
- Equidad: 600,000 d贸lares en acciones restringidas, con vesting del 25% / 25% / 50% durante tres a帽os bajo el Plan de Acciones 2024.
Esta contrataci贸n cubre un puesto ejecutivo cr铆tico y podr铆a fortalecer la gesti贸n financiera y las relaciones con inversionistas. No se divulgaron otros datos operativos o financieros. Los documentos relacionados incluyen el comunicado de prensa (Ex. 99.1) y el acuerdo laboral completo (Ex. 99.2).
Kingstone Companies, Inc. (NASDAQ: KINS)電� 2025雲� 8鞗� 25鞚茧秬搿� Randy L. Patten鞚� 斓滉碃鞛毂呾瀯鞛�(CFO)搿� 鞛勲獏頄堧嫟瓿� 8-K 氤搓碃靹滊ゼ 韱淀暣 氚滍憸頄堨姷雼堧嫟. 51靹胳澑 Patten鞚� 28雲勱皠鞚� 靻愴暣氤错棙 鞛 瓴巾棙鞚� 氤挫湢頃橁碃 鞛堨溂氅�, 斓滉芳鞐愲姅 NEXT Insurance鞐愳劀 攵�靷灔, 斓滉碃須岅硠毂呾瀯鞛� 氚� 鞛雼措嫻 鞚挫偓毳� 鞐瀯頄堨溂氅�, 鞚挫爠鞐愲姅 United Fire Group(UFCS)鞐愳劀 鞛勳嫓 瓿惦彊 CFO 氚� 甏�毽瀽搿� 攴茧頄堨姷雼堧嫟.
- 瓿犾毄 旮瓣皠鞚� 2028雲� 8鞗� 25鞚缄箤歆�鞛呺媹雼�.
- 旮半掣 鞐半磯: 40毵� 雼煬.
- 氇╉憸 鞐瓣皠 氤措剤鞀�: 鞐半磯鞚� 25%; 2025雲� 斓滌唽 氤措剤鞀�電� 3毵� 5觳� 雼煬鞛呺媹雼�.
- 鞛呾偓 鞁� 歆�旮夒悩電� 靹滊獏 順勱笀 氤措剤鞀�: 20毵� 雼煬.
- 欤检嫕 氤挫儊: 2024雲� 欤检嫕 瓿勴殟鞐� 霐半澕 3雲勳棎 瓯胳硱 25% / 25% / 50% 牍勳湪搿� 氩犾姢韺呺悩電� 鞝滍暅 欤检嫕 60毵� 雼煬 靸侂嫻.
鞚措矆 毂勳毄鞚� 欷戩殧頃� 瓴届榿歆� 歆侅眳鞚� 毂勳毎電� 瓴冹溂搿�, 鞛 甏�毽� 氚� 韴瀽鞛� 甏�瓿勲ゼ 臧曧檾頃� 靾� 鞛堨潉 瓴冹溂搿� 氤挫瀰雼堧嫟. 雼るジ 鞖挫榿 霕愲姅 鞛 歆�響滊姅 瓿店皽霅橃 鞎婌晿鞀惦媹雼�. 甏�霠� 靹滊搿滊姅 氤措弰鞛愲(Ex. 99.1)鞕� 鞝勳泊 瓿犾毄 瓿勳暯靹�(Ex. 99.2)臧� 韽暔霅橃柎 鞛堨姷雼堧嫟.
Kingstone Companies, Inc. (NASDAQ : KINS) a d茅pos茅 un formulaire 8-K annon莽ant la nomination de Randy L. Patten au poste de Directeur Financier, 脿 compter du 25 ao没t 2025. Patten, 51 ans, poss猫de 28 ans d'exp茅rience en finance d'assurance dommages, ayant r茅cemment occup茅 les postes de VP, Directeur Comptable et Tr茅sorier chez NEXT Insurance, et auparavant Co-CFO par int茅rim et Contr么leur chez United Fire Group (UFCS).
- Dur茅e du contrat : jusqu'au 25 ao没t 2028.
- Salaire de base : 400 000 dollars.
- Bonus annuel cible : 25 % du salaire ; plancher 2025 de 35 000 dollars.
- Prime d'embauche en esp猫ces : 200 000 dollars, vers茅e 脿 la date de d茅but.
- Actions : 600 000 dollars en actions restreintes, acquises 脿 raison de 25 % / 25 % / 50 % sur trois ans selon le Plan d'Actions 2024.
Ce recrutement comble un poste ex茅cutif cl茅 et pourrait renforcer la gestion financi猫re ainsi que les relations avec les investisseurs. Aucune autre donn茅e op茅rationnelle ou financi猫re n'a 茅t茅 divulgu茅e. Les documents associ茅s comprennent le communiqu茅 de presse (Ex. 99.1) et le contrat de travail complet (Ex. 99.2).
Kingstone Companies, Inc. (NASDAQ: KINS) hat in einer 8-K Meldung die Ernennung von Randy L. Patten zum Chief Financial Officer bekannt gegeben, wirksam ab dem 25. August 2025. Patten, 51 Jahre alt, bringt 28 Jahre Erfahrung im Bereich Property-and-Casualty-Versicherungsfinanzen mit, zuletzt als VP, Chief Accounting Officer & Treasurer bei NEXT Insurance, zuvor als Interim Co-CFO und Controller bei United Fire Group (UFCS).
- Besch盲ftigungsdauer bis zum 25. August 2028.
- Grundgehalt: 400.000 US-Dollar.
- Geplante Jahresbonus: 25 % des Gehalts; 2025 Mindestbonus von 35.000 US-Dollar.
- Einmaliger Einstiegsbonus in bar: 200.000 US-Dollar, zahlbar am ersten Arbeitstag.
- Aktienbeteiligung: 600.000 US-Dollar in Restricted Stock, die 眉ber drei Jahre mit 25 % / 25 % / 50 % unter dem Equity Plan 2024 vesten.
Die Einstellung besetzt eine wichtige F眉hrungsposition und k枚nnte das Finanzmanagement sowie die Investor Relations st盲rken. Weitere operative oder finanzielle Kennzahlen wurden nicht bekannt gegeben. Zu den beigef眉gten Dokumenten geh枚ren die Pressemitteilung (Ex. 99.1) und der vollst盲ndige Arbeitsvertrag (Ex. 99.2).
