Kuchma Anita Breslin 4
Research Summary
AI-generated summary
Hamilton (HG) CEO Anita Kuchma Receives Award, Sells Shares for Taxes
What Happened
Anita Breslin Kuchma, CEO of Hamilton Select (a unit of Hamilton Insurance Group, Ltd. - HG), received 20,408 shares on February 24, 2026 upon vesting of performance stock units (PSUs). On the same date, 7,286 shares were withheld/disposed to satisfy tax withholding obligations, calculated at $30.55 per share, resulting in proceeds of $222,587. The PSUs were earned based on a 3‑year performance metric (annualized underwriting return on capital), where HG reported an 8.6% result and a payout at 200% of target.
Key Details
- Transaction dates: February 24, 2026 (award and withholding/ disposal).
- Award: 20,408 shares granted/acquired at $0.00 (PSU vesting).
- Tax withholding/disposal: 7,286 shares at $30.55 = $222,587 (used to satisfy tax obligations).
- Shares owned after the transactions: not disclosed in the provided filing.
- Footnotes: F1 confirms PSUs vested at 200% of target based on 3‑year underwriting return (8.6%); F3/F4 note shares were withheld to satisfy taxes and the $30.55 closing price was used to calculate withholding.
- Filing/timeliness: Form 4 filed Feb 26, 2026 for the Feb 24, 2026 transaction (within the typical 2‑business‑day reporting window).
Context
This was a performance‑based equity vesting event (award of PSUs), not an open‑market purchase or a deliberate sale for liquidity. The 7,286‑share disposal was a tax‑withholding/cashless settlement to cover withholding obligations arising from the PSU vesting, a routine administrative step common with equity awards.