Form 4: Skyward Specialty Insurance Group Executive Hill Kirby Executes Stock Transactions Following RSU and PSU Vesting

Skyward Specialty Insurance Group's President of Industry Solutions, Kirby Hill, reports stock sales to cover taxes and fees after the vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).

Summary

• Kirby Hill, President Industry Solutions at Skyward Specialty Insurance Group, reported transactions involving the company's common stock on March 6, 2025.
• These transactions include the vesting and settlement of Performance Stock Units (PSUs) and Restricted Stock Units (RSUs).
• A total of 6,316 PSUs vested and were converted into common stock.
• Additionally, 6,665 RSUs vested and were converted into common stock.
• Hill sold 2,562 shares at a weighted average price of $50.2399 to cover taxes and fees related to the vesting of RSUs and PSUs.
• Another 2,707 shares were sold at the same weighted average price for the same purpose.
• Following these transactions, Hill directly owns 16,498 shares of Skyward Specialty Insurance Group's common stock.

Sentiment

Score: 6

Explanation: The document reflects routine insider transactions related to equity compensation. It's neutral in sentiment as it simply reports facts without expressing positive or negative views about the company's performance.

Future Outlook

The remaining 6,665 RSUs will fully vest on January 12, 2026, subject to the Reporting Person's continuous service through the vesting date.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common after equity awards vest. It provides transparency to investors regarding executive compensation and stock ownership.

Comparison to Industry Standards

• Executive compensation packages including RSUs and PSUs are standard practice in the insurance industry to align management's interests with those of shareholders.
• Vesting schedules and performance criteria for equity awards are typically benchmarked against peer companies to ensure competitiveness and incentivize performance.
• Sales of shares to cover tax obligations upon vesting are a common and expected practice among executives receiving equity compensation.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and do not significantly alter the company's financial position.

Key Dates