Form 4: Hamilton Insurance Group Chief Risk Officer Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Alexander James Baker, Chief Risk Officer of Hamilton Insurance Group, reports transactions involving Class B Common Shares and Restricted Stock Units.
Summary
- On March 1, 2024, Alexander James Baker, Chief Risk Officer of Hamilton Insurance Group, reported changes in beneficial ownership.
- The transactions involved Class B Common Shares and Restricted Stock Units (RSUs).
- On March 1, 2024, 16,140 Class B Common Shares were acquired through the vesting of RSUs.
- On January 1, 2024, 7,585 Class B Common Shares were disposed of to satisfy tax withholding obligations at a price of $14.95 per share.
- The reporting person still directly owns 42,350 Class B Common Shares after the transactions.
- The transactions also involved the vesting of 6,190 RSUs from the 2021 LTIP, 5,555 RSUs from the 2022 LTIP, and 4,395 RSUs from the 2023 LTIP.
- Following the reported transactions, the reporting person beneficially owns 5,556 and 8,790 of the 2022 and 2023 LTIP Restricted Stock Units respectively.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 03/30/2021 | Reporting person was granted 18,572 RSUs vesting in equal installments on each of January 1, 2022, 2023 and 2024. |
| 02/11/2022 | Reporting person was granted 16,667 RSUs vesting in equal installments on each of January 1, 2023, 2024 and 2025. |
| 03/10/2023 | Reporting person was granted 13,185 RSUs vesting in equal installments on each of January 1, 2024, 2025 and 2026. |
| 01/01/2024 | Disposal of 7,585 Class B Common Shares to satisfy tax withholding obligations. |
| 03/01/2024 | Acquisition of 16,140 Class B Common Shares through RSU vesting. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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