Creager Robert E. 4

What Happened
Robert E. Creager, a director of Skyward Specialty Insurance Group (SKWD), reported the conversion/settlement of 1,797 restricted stock units (RSUs) into common shares on May 5, 2026. The Form 4 shows an acquisition (exercise/conversion, code M) of 1,797 shares and a simultaneous reported disposition of 1,797 shares at $0.00 (derivative). No cash sales or proceeds are reported in the filing.

Key Details

• Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (timely filing).
• Instrument/type: RSU conversion/settlement (reported as derivative exercise/conversion, code M).
• Share counts: 1,797 RSUs converted to 1,797 shares; an equal number are reported as disposed at $0.00.
• Footnotes: RSUs settle one-for-one into common shares. The RSU award was granted on May 7, 2025 and, per board-approved accelerated vesting, fully vested on May 5, 2026.
• Shares owned after transaction: not specified in the supplied filing details.

Context
This was a conversion/settlement of vested RSUs rather than an open-market buy or sale for cash. The simultaneous zero-dollar disposition reported alongside the conversion often reflects settlement mechanics (e.g., withholding or net settlement) but the filing’s footnotes do not specify the reason, so no assumption about proceeds or intent should be made. Conversions/vestings are routine compensation events for insiders and do not by themselves indicate a buy or sell decision.