Venkatanarayanan Krishnamoorthy - Mar 5, 2024 Form 4 Insider Report for Hamilton Insurance Group, Ltd. (HG)

Role
Group CTO and Group CDO
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
Next filing
Nov 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HG Class B Common Shares Options Exercise +2.17K +10.55% 22.7K Mar 5, 2024 Direct F1
transaction HG Class B Common Shares Award +9.05K +39.86% 31.8K Mar 5, 2024 Direct F2

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 2021 LTIP -Performance Stock Units Options Exercise $0 -2.17K -100% $0.00* 0 Mar 5, 2024 Class B Common Shares 2.17K Direct F1
transaction HG 2024 LTIP -Performance Stock Units Award $0 +9.05K $0.00 9.05K Mar 5, 2024 Class B Common Shares 9.05K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 30, 2021, the reporting person was granted 6,794 performance stock units ("PSUs") that could be earned based on our annualized underwriting return on capital for the 3-year performance period ending on December 31, 2023. Each PSU represented a contingent right to receive one Class B common share.
F2 On March 5, 2024, the reporting person was granted 9,052 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.
F3 On March 5, 2024 the reporting person was granted 9,052 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.