John A. Burkhart III - 12 Jan 2023 Form 4 Insider Report for Skyward Specialty Insurance Group, Inc. (SKWD)

Role
PRESIDENT - SPECIALTY LINES
Signature
/s/ Stacy E. Skelton, Attorney-in-Fact
Issuer symbol
SKWD
Transactions as of
12 Jan 2023
Net transactions value
$0
Form type
4
Filing time
17 Jan 2023, 15:15:39 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 5,065 12 Jan 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
transaction SKWD 2023 RSU Grant (3-Year) Award $0 +13,330 $0.000000 13,330 12 Jan 2023 Common Stock 13,330 Direct F2, F3
transaction SKWD 2023 RSU Grant (4-Year) Award $0 +13,330 $0.000000 13,330 12 Jan 2023 Common Stock 13,330 Direct F2, F4
transaction SKWD 2023 Stock Options (Right-to-Buy) Award $0 +53,330 $0.000000 53,330 12 Jan 2023 Common Stock 53,330 $15.00 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 5,065 shares. Each share is equivalent to one share of the Company's common stock. This award fully vests on January 1, 2025.
F2 Upon vesting, each Restricted Stock Unit ("RSU") settles for one share of Common Stock.
F3 Subject to the reporting person's continuous service through the vesting date, 50% of the RSUs shall vest on January 12, 2025, and the remaining 50% will vest on January 12, 2026.
F4 Subject to the reporting person's continuous service through the vesting date, 50% of the RSUs will vest on January 12, 2026, and the remaining 50% will vest on January 12, 2027.
F5 Subject to the reporting person's continuous service through the vesting date, 50% of the options will vest on January 12, 2026, and the remaining 50% will vest on January 12, 2027.