Terry Katharine 4

What Happened

• Terry Katharine, a director of Skyward Specialty Insurance Group, was granted 3,334 restricted stock units (RSUs) on May 6, 2026. The Form 4 reports the grant as a derivative award (transaction code A) at $0.00 per unit; RSUs represent the right to receive one share of common stock per RSU upon vesting and settlement.
• The award will fully vest on the date of the issuer’s 2027 Annual Meeting of Shareholders. The reporting person elected to defer settlement of the RSUs under the company’s Deferred Compensation Plan for Non‑Employee Directors, so no shares were issued immediately.

Key Details

• Transaction date: May 6, 2026; Form 4 filed May 8, 2026 (filed timely within the usual 2‑business‑day window).
• Grant: 3,334 RSUs; reported acquisition price $0.00 (derivative award).
• Vesting: Fully vests on the date of the 2027 Annual Meeting of Shareholders (see footnote F2).
• Settlement: Deferred until the director’s separation from the company per Deferred Compensation Plan (see footnote F3).
• Shares owned after transaction: Not specified in the provided filing.

Context

• RSUs are compensation awards, not open‑market purchases or sales; they represent a future right to shares once vested and settled, so they do not reflect an immediate buy or sell signal.
• Deferred settlement means the director will not receive underlying shares (or proceeds) now; timing of eventual issuance depends on separation terms.