Newman David John 4
Research Summary
AI-generated summary
Bowhead (BOW) Chief Underwriting Officer David Newman Receives Award
What Happened
- David John Newman, Chief Underwriting Officer of Bowhead Specialty Holdings Inc. (BOW), was granted 23,488 restricted stock units (RSUs) on 2026-02-19 (reported as an Award/Grant). The grant is reported at $0.00 per share for reporting purposes.
- On 2026-02-20, 1,443 shares were surrendered (disposed) to the issuer to cover required tax withholdings related to the RSU vesting; those surrendered shares are reported at $24.90 each, totaling $35,931.
Key Details
- Transaction types/codes: A = Award/Grant (23,488 RSUs); F = Tax withholding/surrender (1,443 shares).
- Dates and amounts:
- 2026-02-19: Grant of 23,488 RSUs @ $0.00 (reported acquisition value $0) [Footnote F1].
- 2026-02-20: 1,443 shares surrendered @ $24.90 each = $35,931 to satisfy tax withholding [Footnote F2].
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Form filed 2026-02-23 for transactions on 2026-02-19 and 2026-02-20 — appears to be filed within the standard two-business-day window (timely).
- Footnotes: F1 clarifies the 23,488 items are RSUs; F2 confirms surrendered shares were used to pay required tax withholdings.
Context
- This filing reflects a compensation-related award (RSUs) and routine tax withholding rather than an open-market buy or sell. Surrendering shares to cover taxes is a common, administrative step and does not necessarily indicate a deliberate sale of stock for investment reasons.