Form 4: Hamilton Insurance Group Director Stephen Wilson Pacala Receives Annual RSU Grants

Director Stephen Wilson Pacala receives annual grants of restricted stock units (RSUs) from Hamilton Insurance Group, increasing his beneficial ownership.

Summary

• Stephen Wilson Pacala, a director at Hamilton Insurance Group, received an annual grant of 8,955 restricted stock units (RSUs) on June 13, 2024, and 7,187 RSUs on May 15, 2025, pursuant to the company's Non-Employee Director Compensation Program.
• The June 2024 RSUs were determined based on a target grant value of $150,000 and a closing price of $16.75 per share.
• The May 2025 RSUs were determined based on 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, Pacala's beneficial ownership includes 49,831 Class B Common Shares on June 13, 2024 and 57,018 Class B Common Shares on May 15, 2025, which includes RSUs.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. The increase in share price between the two grants is a positive sign.

Positives

• The grant of RSUs aligns the director's interests with the company's performance.
• The grants reflect a continued commitment to the Non-Employee Director Compensation Program.
• The increased share ownership demonstrates the director's investment in the company's future.

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 RSUs 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

• RSU grants are a typical component of director compensation packages in the insurance industry, similar to companies like Chubb, AIG, and Travelers.
• The target grant value of $150,000 is within the range of what is commonly offered to non-employee directors at comparable companies.
• Vesting schedules of one year or until the next annual general meeting are also standard practice.

Stakeholder Impact

• The RSU grants align the director's interests with those of shareholders, potentially leading to decisions that benefit the company's long-term value.
• The grants do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

RSU, Hamilton Insurance Group, Director Compensation, Beneficial Ownership, Stephen Wilson Pacala, Equity, Grant