Form 4: Ryan Specialty Holdings Director Patrick Ryan Jr. Receives 2,323 Restricted Stock Units

Ryan Specialty Holdings, Inc. Director and 10% owner Patrick G. Ryan Jr. was granted 2,323 shares of Class A Common Stock as Restricted Stock Units, vesting immediately upon grant.

Summary

• Patrick G. Ryan Jr., a Director and 10% owner of Ryan Specialty Holdings, Inc. (RYAN), acquired 2,323 shares of Class A Common Stock.
• The acquisition occurred on May 30, 2025, and was reported on June 3, 2025.
• These shares represent Restricted Stock Units (RSUs) that vested immediately upon grant.
• The grant was approved by the Issuer's Board for purposes of Rule 16(b)(3).
• The acquisition price for these shares was $0.
• Following this transaction, Patrick G. Ryan Jr. directly owns 256,056 shares of Class A Common Stock.
• Additionally, 400,695 shares are indirectly owned through trusts for which the reporting person is trustee, benefiting himself and/or family members, with beneficial ownership disclaimed except to the extent of pecuniary interest.

Sentiment

Score: 7

Explanation: The sentiment is positive for the insider due to the grant of equity at no cost, increasing their stake. For the company, it represents a compensation expense but also aligns management incentives with shareholder value, which is generally viewed neutrally to slightly positive.

Positives

• The grant of 2,323 Restricted Stock Units at a price of $0 increases the direct equity ownership of a key director and 10% owner, aligning his interests further with shareholders.
• The immediate vesting of the RSUs provides immediate equity to the recipient.

Industry Context

This filing is a routine insider transaction report, common across all industries, detailing changes in beneficial ownership by company insiders. It does not provide broader industry trends or competitive insights.

Related Party Transactions

• The acquisition of 2,323 shares by Patrick G. Ryan Jr., a Director and 10% owner, is a related party transaction as it involves an insider receiving compensation from the company.

Stakeholder Impact

• Shareholders: The transaction slightly increases the number of outstanding shares (if newly issued) and represents a compensation expense, but also strengthens the alignment of a significant insider's interests with shareholder value.
• Employees: No direct impact on general employees is indicated by this filing.

Key Dates

Keywords

Ryan Specialty Holdings, RYAN, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Director Compensation, Equity Ownership, Patrick G. Ryan Jr.