Smith R Sharon 4

What Happened
Sharon R. Smith, Executive Vice President & Group COO of Octave Specialty Group, received a grant of 24,375 restricted stock units (RSUs) on March 23, 2026. The award was recorded as an acquisition of derivative securities (RSUs) at $0.00 per unit. RSUs are a contingent right to receive one share of common stock upon vesting.

Key Details

• Transaction date: March 23, 2026; filing date: March 25, 2026 (timely Form 4 filing).
• Grant: 24,375 RSUs reported as acquired at $0.00 (derivative award).
• Vesting: RSUs vest in three equal annual installments on March 23 of 2027, 2028 and 2029 (per filing footnote).
• Shares owned after transaction: not specified in the provided filing summary.
• Transaction code: A (award/grant); derivative instrument (RSU). No sale or exercise occurred.

Context
This is a standard long-term incentive plan grant (2026 LTIP) rather than an open-market purchase or sale. RSU grants are compensation and do not indicate an immediate cash commitment or market sale; value to the holder depends on the company’s future share price and vesting conditions.