Thomas N. Schmitt - 27 Feb 2024 Form 4 Insider Report for Skyward Specialty Insurance Group, Inc. (SKWD)

Role
CHIEF PEOPLE & ADMIN. OFFICER
Signature
/s/ Stacy E. Skelton, Attorney-in-Fact
Issuer symbol
SKWD
Transactions as of
27 Feb 2024
Net transactions value
-$72,648
Form type
4
Filing time
29 Feb 2024, 16:17:41 UTC
Previous filing
03 Jan 2024
Next filing
06 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKWD Common Stock Options Exercise +5,333 +72% 12,709 29 Feb 2024 Direct F1
transaction SKWD Common Stock Tax liability $72,648 -1,992 -16% $36.47 10,717 29 Feb 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 +1,495 $0.000000 1,495 27 Feb 2024 Common Stock 1,495 Direct F2, F3
transaction SKWD 2024 LTIP - Performance Share Units Award $0 +1,495 $0.000000 1,495 27 Feb 2024 Common Stock 1,495 Direct F4
transaction SKWD 2021 LTIP - Performance Share Units Options Exercise $0 -5,333 -100% $0.000000* 0 29 Feb 2024 Common Stock 5,333 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.