Dan PK Bodnar - Feb 27, 2024 Form 4 Insider Report for Skyward Specialty Insurance Group, Inc. (SKWD)

Role: CHIEF INFORMATION OFFICER
Signature: /s/ Stacy E. Skelton, Attorney-in-Fact
Stock symbol: SKWD
Transactions as of: Feb 27, 2024
Transactions value $: -$36,434
Form type: 4
Date filed: 2/29/2024, 04:09 PM
Previous filing: Jan 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SKWD	Common Stock	Options Exercise		+2.84K	+20.85%		16.5K	Feb 29, 2024	Direct	F1
transaction	SKWD	Common Stock	Tax liability	-$36.4K	-999	-6.06%	$36.47	15.5K	Feb 29, 2024	Direct

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	2024 LTIP - Common Stock	Award	$0	+1.5K		$0.00	1.5K	Feb 27, 2024	Common Stock	1.5K		Direct	F2, F3
transaction	SKWD	2024 LTIP - Performance Share Units	Award	$0	+1.5K		$0.00	1.5K	Feb 27, 2024	Common Stock	1.5K		Direct	F4
transaction	SKWD	2021 LTIP - Performance Share Units	Options Exercise	$0	-2.84K	-100%	$0.00^*	0	Feb 29, 2024	Common Stock	2.84K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Upon vesting, each Performance Share Unit ("PSU") settles for one share of the Company's common stock.
F2	Upon vesting, each Restricted Stock Unit ("RSU") settles for one share of the Company's common stock.
F3	Subject to the reporting person's continuous service through the vesting date, 100% of the RSUs shall vest on January 1, 2027.
F4	On February 27, 2024, the reporting person was granted 1,495 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, 2027.