Daws Adrian Joseph 4/A
Research Summary
AI-generated summary
Hamilton (HG) CEO Adrian Daws Receives 20,000 RSUs; Shares Withheld
What Happened
Adrian (Adrian Joseph) Daws, CEO of Hamilton Re (Hamilton Insurance Group, Ltd.), was granted 20,000 restricted stock units (RSUs) on March 2, 2026. To cover tax withholding related to the award, 4,699 shares were surrendered/withheld (disposed) at an imputed price of $31.59 per share, totaling approximately $148,441. This Form 4/A amends the March 4, 2026 filing to correct the number of shares withheld and the post-transaction holdings.
Key Details
- Transaction date: March 2, 2026. Amendment (Form 4/A) filed May 7, 2026 to correct withholding amounts. Original Form 4 was filed March 4, 2026.
- Grant: 20,000 RSUs (Code A — award/acquisition). No cash paid for the grant (reported $0.00 per RSU).
- Withholding: 4,699 shares disposed to satisfy tax obligations (Code F) at $31.59/share = $148,441. The $31.59 figure is the closing price used on February 27, 2026 to calculate withholding.
- Vesting: RSUs vest in three equal annual installments beginning March 1, 2027, subject to continued service; each RSU converts to one Class B common share upon vesting.
- Amendment note: The Form 4/A corrects the number of shares withheld and increases the reporter’s post-transaction holdings by 61 shares versus the original filing.
- Shares owned after transaction: The filing was amended to correct the post-transaction holdings (upward by 61 shares); the corrected total is reported in the Form 4/A.
Context
RSU grants are compensation/retention awards rather than open-market purchases, so they reflect executive compensation and vest over time rather than an immediate bullish purchase. The withheld shares represent tax withholding (a routine administrative disposition), not a discretionary market sale. The initial Form 4 was filed on time (March 4, 2026); this later amendment (May 7, 2026) corrected withholding and ownership figures.