Bienen Henry S 4

What Happened
Henry S. Bienen, a director of Ryan Specialty Holdings, received an award of 5,757 restricted stock units (RSUs) that vested immediately upon grant on April 28, 2026. The Form 4 reports the acquisition price as $0.00 (typical for compensation grants); no cash purchase or sale occurred.

Key Details

• Transaction date: 2026-04-28 (reported on Form 4 filed 2026-04-30). Filing appears within the standard two-business-day window.
• Transaction type/code: Award/Grant (A).
• Shares/units acquired: 5,757 RSUs; reported value on Form 4 is $0.00 (compensation grant, not a market purchase).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — the RSUs vested immediately upon grant and the grant was approved by the Board for purposes of Rule 16(b)(3). F2 — the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.

Context
This was a compensation award (RSUs vesting on grant), not an open-market buy or sale. Such awards are routine insider compensation and are treated as exempt under Rule 16b-3 when approved by the board; they do not necessarily indicate the director’s market view. The filer disclaims beneficial ownership beyond any pecuniary interest.