Sandip A. Kapadia - Feb 27, 2023 Form 4 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: Feb 27, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/1/2023, 03:13 PM
Previous filing: Jan 12, 2023
Next filing: Jan 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SKWD	Common Stock						10.2K	Feb 27, 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 LTIP - Common Stock	Award	$0	+2.02K		$0.00	2.02K	Feb 27, 2023	Common Stock	2.02K		Direct	F2, F3
transaction	SKWD	2023 LTIP - Performance Share Units	Award	$0	+2.02K		$0.00	2.02K	Feb 27, 2023	Common Stock	2.02K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes a Restricted Stock Award in the amount of 2,532 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.
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, 100% of the RSUs shall vest on January 1, 2026.
F4	On February 27, 2023, the reporting person was granted 2,020 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, 2026.