Mark W. Haushill - Jan 12, 2023 Form 4 Insider Report for Skyward Specialty Insurance Group, Inc. (SKWD)

Role
EVP & CFO
Signature
/s/ Stacy E. Skelton, Attorney-in-Fact
Stock symbol
SKWD
Transactions as of
Jan 12, 2023
Transactions value $
$0
Form type
4
Date filed
1/17/2023, 03:19 PM
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKWD Common Stock Conversion of derivative security +143K +96.22% 292K 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
transaction SKWD Preferred Series A Stock Conversion of derivative security -17.3K -100% 0 Jan 12, 2023 Preferred Series A Stock 17.3K Direct F1
transaction SKWD 2023 RSU Grant (3-Year) Award $0 +13.3K $0.00 13.3K Jan 12, 2023 Common Stock 13.3K Direct F3, F4
transaction SKWD 2023 RSU Grant (4-Year) Award $0 +13.3K $0.00 13.3K Jan 12, 2023 Common Stock 13.3K Direct F3, F5
transaction SKWD 2023 Stock Options (Right to Buy) Award $0 +53.3K $0.00 53.3K Jan 12, 2023 Common Stock 53.3K $15.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person owned 17,312.361 shares of the Company's Preferred Series A Stock, which converted to 143,314 shares of Common Stock upon the consummation of the Company's IPO.
F2 Includes a Restricted Stock Award in the amount of 5,699 shares granted on January 1, 2022. Each share is equivalent to one share of the Company's common stock. This award fully vests on January 1, 2025.
F3 Upon vesting, each Restricted Stock Unit ("RSU") settles for one share of Common Stock.
F4 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.
F5 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.
F6 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.