Form 4: Skyward Specialty Insurance Group Director Michael Morrissey Reports Stock Transactions

Director Michael J. Morrissey reports the acquisition and disposal of Skyward Specialty Insurance Group stock, including RSU awards and settlement.

Summary

• Michael J. Morrissey, a director of Skyward Specialty Insurance Group, filed a Form 4 detailing changes in beneficial ownership.
• On May 7, 2025, Morrissey was granted 1,797 Restricted Stock Units (RSUs) which will fully vest on May 7, 2026, and settlement is deferred until separation from the company.
• On May 9, 2025, 2,779 RSUs from a 2024 award vested and settled, resulting in the acquisition of 2,779 shares and disposal of 3,519 shares.
• The filing also includes a Limited Power of Attorney, effective May 7, 2025, authorizing certain company officers to execute and file Section 16 forms on Morrissey's behalf.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The 1,797 RSUs granted on May 7, 2025, will vest on May 7, 2026, subject to the terms of the award agreement.

Industry Context

Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding the buying and selling activities of company insiders.

Stakeholder Impact

• Shareholders are informed about insider transactions, which can influence investor sentiment.

Key Dates

Keywords

Form 4, Skyward Specialty Insurance Group, RSU, Director, Beneficial Ownership, Stock Transaction, Section 16, Power of Attorney