Sandip A. Kapadia - Jan 12, 2023 Form 3 Insider Report for Skyward Specialty Insurance Group, Inc. (SKWD)

Role
EVP, CHIEF ACTUARY
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, 04:34 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 10.2K Jan 12, 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 Jan 12, 2023 Common Stock 1.39K Direct F3
holding SKWD 2021 LTIP - Common Stock Jan 12, 2023 Common Stock 3.97K Direct F4
holding SKWD 2022 LTIP - Performance Share Units Jan 12, 2023 Common Stock 2.53K 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 3,858 shares of Restricted Stock on December 31, 2020, as a match to shares purchased under the 2016 Employee Incentive Program. The award is subject to three-year ratable vesting. The first tranche vested on April 16, 2021. The second tranche vested on April 16, 2022. The third and final tranche 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 2,532 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 1,394 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 November 5, 2021, the reporting person was granted 3,968 RSUs. Upon vesting, each unit is equivalent to one share of the Company's common stock. This award fully vests on January 1, 2024.
F5 On January 1, 2022, the reporting person was awarded 2,532 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, 2025.