4//SEC Filing
Schmitt Thomas N 4
Accession 0001415889-25-007535
CIK 0001519449other
Filed
Mar 9, 8:00 PM ET
Accepted
Mar 10, 4:37 PM ET
Size
15.5 KB
Accession
0001415889-25-007535
Insider Transaction Report
Form 4
Schmitt Thomas N
CPO, Skyward Group
Transactions
- Exercise/Conversion
Common Stock
2025-03-06+4,406→ 8,352 total - Exercise/Conversion
2022 LTIP - PSUs
2025-03-06−4,604→ 0 total→ Common Stock (4,604 underlying) - Exercise/Conversion
Common Stock
2025-03-06+5,000→ 11,655 total - Sale
Common Stock
2025-03-06$50.24/sh−1,697$85,257→ 6,655 total - Sale
Common Stock
2025-03-06$50.24/sh−1,928$96,863→ 9,727 total - Exercise/Conversion
2023 IPO RSU Grant (3-Year)
2025-03-06−5,000→ 5,000 total→ Common Stock (5,000 underlying)
Footnotes (6)
- [F1]Each Performance Stock Unit ("PSU") represents the right to receive, at settlement, one share of Common Stock of the Issuer.
- [F2]Sales to cover taxes and fees incurred in connection with the vesting and settlement of the Reporting Person's RSUs and PSUs reported on this Form 4.
- [F3]Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $49.53- $51.47, inclusive (weighted average of $50.2399). Reporting Person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.
- [F4]Each Restricted Stock Unit ("RSU") represents the right to receive, at settlement, one share of Common Stock of the Issuer.
- [F5]On January 1, 2022, the Reporting Person was awarded 3,799 PSUs. The PSUs are subject to obtaining specified performance criteria from January 1, 2022 through December 31, 2024. Each PSU is equivalent to one share of the Company's Common Stock. The number of PSUs subject to vest under this award can range from 0% to 150% of the amount shown. This award fully vested on January 1, 2025 and settled upon certification by the Compensation Committee.
- [F6]On January 12, 2023, in conjunction with the Company's IPO the Reporting Person was granted an RSU award in the amount of 10,000 RSUs; 5,000 of the RSUs vested on January 12, 2025 and settled on March 6, 2025. The remaining 5,000 RSUs will fully vest on January 12, 2026 subject to the Reporting Person's continuous service through the vesting date.
Documents
Issuer
Skyward Specialty Insurance Group, Inc.
CIK 0001519449
Entity typeother
Related Parties
1- filerCIK 0001937316
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 8:00 PM ET
- Accepted
- Mar 10, 4:37 PM ET
- Size
- 15.5 KB