Form 4: Hamilton Insurance Group Executive Receives Stock Grants and Performance-Based Shares

Gemma Elizabeth Carreiro, Group General Counsel of Hamilton Insurance Group, reports the acquisition of restricted stock units and performance stock units, increasing her beneficial ownership in the company.

Summary

• Gemma Elizabeth Carreiro, Group General Counsel of Hamilton Insurance Group, reported changes in her beneficial ownership of the company's stock.
• On February 26, 2025, she received 14,015 restricted stock units (RSUs) under the Hamilton Insurance Group Equity Incentive Plan.
• These RSUs vest in equal installments on March 1, 2026, 2027, and 2028, with each RSU representing the right to receive one Class B Common Share upon vesting.
• Additionally, she acquired 12,792 shares upon the certification of performance criteria related to previously granted performance stock units (PSUs).
• The PSUs were earned based on Hamilton Insurance Group's annualized underwriting return on capital for the three-year performance period ending December 31, 2024.
• The confirmed annualized underwriting return on capital was 6.1%, resulting in a performance payout at 146.4% of the target.
• Following these transactions, Carreiro's total beneficial ownership includes 151,407 Class B Common Shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs and the payout of PSUs based on performance suggest confidence in the company's performance and alignment of management incentives.

Positives

• The vesting of RSUs and PSUs suggests confidence in the company's future performance.
• The achievement of a 6.1% annualized underwriting return on capital, leading to a 146.4% payout, indicates strong performance.

Future Outlook

The document does not contain explicit forward-looking statements, but the vesting schedule of the RSUs implies an expectation of continued employment and company performance.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in the insurance industry to align management's interests with those of shareholders.

Comparison to Industry Standards

• Equity compensation is a standard practice in the insurance industry to incentivize executives.
• Companies like Chubb, AIG, and Travelers also utilize RSUs and PSUs as part of their executive compensation packages.
• The specific vesting schedules and performance metrics vary by company, but the overall goal is to reward performance and retain key talent.

Stakeholder Impact

• Shareholders may view the equity grants as a positive sign, aligning management's interests with the company's long-term success.
• Employees may see the performance-based compensation as an incentive to improve company performance.

Key Dates