Form 4: Hamilton Insurance Group Director Receives Stock Grants

Director John J. Gauthier receives annual grants of restricted stock units from Hamilton Insurance Group.

Summary

• John J. Gauthier, a director at Hamilton Insurance Group, received two grants of restricted stock units (RSUs).
• On June 13, 2024, Gauthier received 8,955 Class B Common Shares, determined by a target grant value of $150,000 and a share price of $16.75.
• On May 15, 2025, Gauthier received 7,187 Class B Common Shares, determined by a target grant value of $150,000 and a share price of $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, Gauthier beneficially owns 27,083 Class B Common Shares, including RSUs.

Sentiment

Score: 7

Explanation: The document reflects standard director compensation practices, indicating stable corporate governance. The increasing share price between the two grants is a positive sign.

Positives

• The grants of RSUs to a director align their interests with those of the shareholders.
• The grants are part of the company's Non-Employee Director Compensation Program.

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

Granting stock options and restricted stock units to directors is a common practice in the insurance industry to align their interests with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Director compensation packages, including stock grants, vary widely across the insurance industry depending on company size, performance, and governance practices.
• Companies like Chubb, AIG, and Travelers also utilize equity-based compensation for their directors.
• The target grant value of $150,000 appears to be within a reasonable range for director compensation at a company of Hamilton Insurance Group's size.

Stakeholder Impact

• The RSU grants align the director's interests with those of shareholders, potentially encouraging decisions that increase shareholder value.
• The grants have a minimal direct impact on employees, customers, suppliers, or creditors.

Next Steps

• The director will hold the RSUs until they vest.
• The company will continue to monitor and report changes in beneficial ownership as required by SEC regulations.

Key Dates

Keywords

RSU, Hamilton Insurance Group, Director Compensation, Stock Grant, Beneficial Ownership, Form 4, Gauthier