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

Director Marvin Pestcoe received annual grants of restricted stock units (RSUs) from Hamilton Insurance Group, Ltd.

Summary

• Marvin Pestcoe, a director of Hamilton Insurance Group, Ltd., reported changes in beneficial ownership.
• On June 13, 2024, Pestcoe acquired 8,955 Class B Common Shares through an annual grant of restricted stock units (RSUs) valued at $150,000, with the share price at $16.75.
• On May 15, 2025, Pestcoe acquired 7,187 Class B Common Shares through an annual grant of RSUs valued at $150,000, with the share price at $20.87.
• 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, Pestcoe beneficially owns 63,619 Class B Common Shares, including RSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine grant of RSUs, which is generally viewed positively as it aligns director interests with shareholder value. The increase in share price between the two grants is also a positive sign.

Positives

• The grants of RSUs to a director align the director's 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 publicly traded companies, including those in the insurance sector.
• Companies like Chubb, AIG, and Travelers also utilize equity-based compensation to incentivize their directors and executives.

Stakeholder Impact

• The RSU grants align the director's interests with those of shareholders, potentially leading to decisions that enhance shareholder value.

Key Dates

Keywords

RSU, Hamilton Insurance Group, Director, Beneficial Ownership, Form 4, Pestcoe, Shares