Krishnamoorthy Venkatanarayanan 4
4 · Hamilton Insurance Group, Ltd. · Filed Mar 7, 2024
Insider Transaction Report
Form 4
Krishnamoorthy Venkatanarayanan
Group CTO and Group CDO
Transactions
- Award
Class B Common Shares
2024-03-05+9,052→ 31,760 total - Award
2024 LTIP -Performance Stock Units
2024-03-05+9,052→ 9,052 total→ Class B Common Shares (9,052 underlying) - Exercise/Conversion
Class B Common Shares
2024-03-05+2,167→ 22,708 total - Exercise/Conversion
2021 LTIP -Performance Stock Units
2024-03-05−2,167→ 0 total→ Class B Common Shares (2,167 underlying)
Footnotes (3)
- [F1]On March 30, 2021, the reporting person was granted 6,794 performance stock units ("PSUs") that could be earned based on our annualized underwriting return on capital for the 3-year performance period ending on December 31, 2023. Each PSU represented a contingent right to receive one Class B common share.
- [F2]On March 5, 2024, the reporting person was granted 9,052 restricted stock units ('RSUs') that vest one-third per year on January 1, 2025, 2026 and 2027, respectively. Each RSU represents the right to receive one Class B common share. The number reported here reflects the RSUs outstanding subject to future vesting.
- [F3]On March 5, 2024 the reporting person was granted 9,052 PSUs that are earned based on two equally-weighted performance measures: (i) Return on Equity and (ii) Book Value per Share growth, both measured on an absolute basis, for the 3-year performance period ending on December 31, 2026. Each PSU represents a contingent right to receive one Class B common share. The number of units subject to vest under this award can range from 0% to 200% of the amount shown based on the satisfaction of the performance target during the performance period.