Form 4: Skyward Specialty Insurance Group EVP & CFO Haushill Receives Stock Grants

Mark W. Haushill, EVP & CFO of Skyward Specialty Insurance Group, reports the acquisition of restricted stock units (RSUs) and performance share units (PSUs) under the company's Long-Term Incentive Plan (LTIP).

Summary

• On February 25, 2025, Mark W. Haushill, the EVP & CFO of Skyward Specialty Insurance Group, received grants of 2,702 Restricted Stock Units (RSUs) and 5,404 Performance Share Units (PSUs) under the company's Long-Term Incentive Plan (LTIP).
• The RSUs will vest on January 1, 2028, subject to continuous service.
• The PSUs, granted in two tranches of 2,702 units each, can vest from 0% to 150% based on performance targets and will fully vest on December 31, 2027.
• Each RSU and PSU is equivalent to one share of the company's common stock.
• Following these transactions, Haushill directly owns 176,971 shares of Skyward Specialty Insurance Group common stock, as well as 2,702 RSUs and 5,404 PSUs.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of executive compensation, which is generally viewed neutrally. The grants suggest confidence in the executive and the company's future performance.

Positives

• The grant of RSUs and PSUs aligns the executive's interests with the long-term performance of the company.
• The performance-based vesting of PSUs incentivizes the executive to achieve specific targets.

Future Outlook

The vesting of the RSUs and PSUs is contingent upon continued service and the achievement of performance targets, aligning executive compensation with the company's long-term success.

Industry Context

Stock grants are a common form of executive compensation in the insurance industry, used to attract, retain, and incentivize key personnel. The specific terms of the grants, such as vesting schedules and performance targets, are tailored to the company's specific goals and circumstances.

Stakeholder Impact

• Shareholders may view the stock grants positively as they align executive interests with company performance.
• Employees may see the grants as a sign of the company's commitment to its leadership.

Key Dates