Alexander James Baker - Mar 5, 2024 Form 4 Insider Report for Hamilton Insurance Group, Ltd. (HG)

Role: Chief Risk Officer
Signature: /s/ Gemma Carreiro, Attorney-in-Fact
Stock symbol: HG
Transactions as of: Mar 5, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/7/2024, 08:24 PM
Previous filing: Mar 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HG	Class B Common Shares	Award		+15.8K	+37.26%		58.1K	Mar 5, 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HG	2024 LTIP - Performance Stock Units	Award	$0	+15.8K		$0.00	15.8K	Mar 5, 2024	Class B Common Shares	15.8K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 5, 2024, the reporting person was granted 15,778 restricted stock units ('RSUs') that vest one-third per year on January 1, 2025, 2026 and 2027, respectively. Each RSU represents the right to receive one Class B common share. The number reported here reflects the RSUs outstanding subject to future vesting.
F2	On March 5, 2024 the reporting person was granted 15,778 performance stock units ('PSUs') that are earned based on two equally-weighted performance measures: (i) Return on Equity and (ii) Book Value per Share growth, both measured on an absolute basis, for the 3-year performance period ending on December 31, 2026. Each PSU represents a contingent right to receive one Class B common share. The number of units subject to vest under this award can range from 0% to 200% of the amount shown based on the satisfaction of the performance target during the performance period.

Content

On March 5, 2024, the reporting person was granted 15,778 restricted stock units ('RSUs') that vest one-third per year on January 1, 2025, 2026 and 2027, respectively. Each RSU represents the right to receive one Class B common share. The number reported here reflects the RSUs outstanding subject to future vesting.

On March 5, 2024 the reporting person was granted 15,778 performance stock units ('PSUs') that are earned based on two equally-weighted performance measures: (i) Return on Equity and (ii) Book Value per Share growth, both measured on an absolute basis, for the 3-year performance period ending on December 31, 2026. Each PSU represents a contingent right to receive one Class B common share. The number of units subject to vest under this award can range from 0% to 200% of the amount shown based on the satisfaction of the performance target during the performance period.