Andrew S. Robinson - 12 Jan 2023 Form 3 Insider Report for Skyward Specialty Insurance Group, Inc. (SKWD)

Role
CEO & PRESIDENT, Director
Signature
/s/ Stacy E. Skelton, Attorney-in-Fact
Issuer symbol
SKWD
Transactions as of
12 Jan 2023
Net transactions value
$0
Form type
3
Filing time
12 Jan 2023, 16:33:55 UTC
Next filing
01 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SKWD Common Stock 149,544 12 Jan 2023 Direct F1, 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
holding SKWD 2021 LTIP - Common Stock 12 Jan 2023 Common Stock 40,137 Direct F3
holding SKWD 2021 LTIP - Performance Share Units 12 Jan 2023 Common Stock 40,137 Direct F4
holding SKWD 2022 LTIP - Performance Share Units 12 Jan 2023 Common Stock 22,796 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person was granted 63,374 shares of Restricted Stock on March 17, 2021, as a match to shares purchased under the 2016 Employee Incentive Program. The first tranche vested on May 22, 2021. The second tranche vested on May 22, 2022. The third and final tranche of 21,124 shares will immediately vest upon the consummation of the Company's IPO.
F2 On January 1, 2022, the reporting person was granted a Restricted Stock Award in the amount of 22,796 shares. Each share is equivalent to one share of the Company's common stock. This award fully vests on January 1, 2025.
F3 On January 1, 2021, the reporting person was granted 40,137 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.
F4 On January 1, 2021, the reporting person was granted 40,137 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 will fully vest on January 1, 2024.
F5 On January 1, 2022, the reporting person was granted 22,796 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 will fully vest on January 1, 2025.