Kirby Hill - Jan 12, 2023 Form 3 Insider Report for Skyward Specialty Insurance Group, Inc. (SKWD)

Role
PRESIDENT - INDUSTRY SOLUTIONS
Signature
/s/ Stacy E. Skelton, Attorney-in-Fact
Stock symbol
SKWD
Transactions as of
Jan 12, 2023
Transactions value $
$0
Form type
3
Date filed
1/12/2023, 04:32 PM
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SKWD Common Stock 10.3K Jan 12, 2023 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
holding SKWD 2021 LTIP - Common Stock Jan 12, 2023 Common Stock 6.06K Direct F2
holding SKWD 2021 LTIP - Performance Share Units Jan 12, 2023 Common Stock 6.06K Direct F3
holding SKWD 2022 LTIP - Performance Share Units Jan 12, 2023 Common Stock 5.45K Direct F4
holding SKWD Preferred Series A Stock Jan 12, 2023 Preferred Series A Stock 582 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 1, 2022, the reporting person was granted a Restricted Stock Award in the amount of 5,445 shares. Each share is equivalent to one share of the Company's common stock. This award fully vests on January 1, 2025.
F2 On January 1, 2021, the reporting person was granted 6,055 Restricted Stock Units ("RSUs"). Upon vesting, each unit is equivalent to one share of the Company's common stock. This award fully vests on January 1, 2024.
F3 On January 1, 2021, the reporting person was awarded 6,055 Performance Share Units ("PSUs"). Each PSU is equivalent to one share of the Company's common stock. The number of units subject to vest under this award can range from 0% to 150% of the amount shown based on the satisfaction of performance condition targets during the requisite service period. This award fully vests on January 1, 2024.
F4 On January 1, 2022, the reporting person was awarded 5,445 PSUs. Each PSU is equivalent to one share of the Company's common stock. The number of units subject to vest under this award can range from 0% to 150% of the amount shown based on the satisfaction of performance condition targets during the requisite service period. This award fully vests on January 1, 2025.
F5 Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, upon the closing of its initial public offering, each share of convertible preferred stock will be automatically converted into shares of common stock of the issuer based on a conversion price equal to $6.04 per share of common stock. The 581.935 shares of stock reported on this form will convert into 4,817 shares of Common Stock upon the closing of the IPO.