Form 4: Skyward Specialty Insurance Group Director, Robert E. Creager, Receives RSU Award

Director Robert E. Creager of Skyward Specialty Insurance Group, Inc. was granted 2,779 Restricted Stock Units (RSUs) on May 9, 2024, which will fully vest on May 9, 2025.

Summary

• Robert E. Creager, a director at Skyward Specialty Insurance Group, Inc., received an RSU award.
• The transaction occurred on May 9, 2024.
• The award consists of 2,779 Restricted Stock Units (RSUs).
• Each RSU will settle for one share of the company's common stock upon vesting.
• The RSU award will fully vest on May 9, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices, aligning director interests with shareholders.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders, incentivizing them to work towards the company's success.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting date of the RSU award.

Industry Context

This type of equity compensation is common for directors and executives in publicly traded companies to align their interests with shareholders.

Comparison to Industry Standards

• RSU grants are a standard form of executive compensation in the insurance industry, similar to grants at companies like Progressive or Allstate.
• The vesting schedule of one year is relatively standard, aligning with typical industry practices for retaining key personnel.

Stakeholder Impact

• The RSU grant could have a slightly positive impact on shareholders by incentivizing the director to increase company value.

Key Dates