Form 4: Hamilton Insurance Group Director Receives Annual Grant of Restricted Stock Units

Director David A. Brown receives annual grants of restricted stock units from Hamilton Insurance Group, increasing his holdings.

Summary

• David A. Brown, a director at Hamilton Insurance Group, received an annual grant of restricted stock units (RSUs) on June 13, 2024, and May 15, 2025.
• The June 13, 2024, grant consisted of 8,955 Class B Common Shares, determined by a target grant value of $150,000 and a closing price of $16.75 per share.
• The May 15, 2025, grant consisted of 7,187 Class B Common Shares, determined by a target grant value of $150,000 and a closing price of $20.87 per share.
• The RSUs cliff vest on the earlier of the one-year anniversary of the grant date or the date of the subsequent annual general meeting.
• Following these transactions, Brown directly owns 105,379 Class B Common Shares, including RSUs, and indirectly owns 500,000 Class B Common Shares through Leyton Ltd.

Sentiment

Score: 7

Explanation: The document reflects a routine grant of RSUs, indicating a stable and ongoing compensation plan. This is generally viewed positively as it aligns director interests with shareholders.

Positives

• The grants of RSUs to a director align his interests with those of the shareholders.
• The director's increased holdings demonstrate confidence in the company's future performance.

Future Outlook

The RSUs will vest on the earlier of the one-year anniversary of the grant date or the date of the subsequent annual general meeting.

Industry Context

Grants of restricted stock units are a common form of executive compensation in the insurance industry, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• RSU grants are a typical component of director compensation packages in the insurance industry, similar to companies like Chubb, AIG, and Travelers.
• The vesting schedule of one year or the next annual general meeting is also standard practice.

Stakeholder Impact

• Shareholders: The RSU grants align the director's interests with those of the shareholders, incentivizing value creation.
• Employees: The RSU grants are part of the overall compensation structure, which can impact employee morale and retention.

Key Dates

Keywords

Hamilton Insurance Group, Director, David A. Brown, RSUs, Restricted Stock Units, Beneficial Ownership, Class B Common Shares, Leyton Ltd