Form 4: Skyward Specialty Insurance Group EVP & CFO Mark Haushill Reports Stock Sale and Grant of Performance Share Units

Mark Haushill, EVP & CFO of Skyward Specialty Insurance Group, sold 20,000 shares of common stock at an average price of $36.40 and was granted 3,490 Restricted Stock Units (RSUs) and 3,490 Performance Share Units (PSUs) on February 27, 2024.

Summary

• On February 28, 2024, Mark Haushill, the EVP & CFO of Skyward Specialty Insurance Group, sold 20,000 shares of common stock at a weighted average price of $36.40.
• The sale resulted in Mr. Haushill holding 171,688 shares of common stock following the transaction.
• On February 27, 2024, Mr. Haushill was granted 3,490 Restricted Stock Units (RSUs) that will vest on January 1, 2027, subject to continuous service.
• Each RSU settles for one share of the company's common stock.
• Also on February 27, 2024, Mr. Haushill was granted 3,490 Performance Share Units (PSUs).
• The number of units that vest under the PSU award can range from 0% to 150% of the amount shown, based on performance conditions during the service period, and will fully vest on January 1, 2027.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Future Outlook

The document does not contain explicit forward-looking statements, but the vesting of RSUs and PSUs on January 1, 2027, is contingent upon the reporting person's continuous service and, in the case of PSUs, the satisfaction of performance condition targets.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially indicating a change in the executive's investment strategy or personal financial needs.
• The grant of RSUs and PSUs aligns the executive's interests with those of the shareholders, incentivizing performance and long-term value creation.

Key Dates