Yap Shirley Shek Li 4
Research Summary
AI-generated summary
Bowhead (BOW) Chief Accounting Officer Surrenders 2,353 Shares
What Happened
Yap Shirley Shek Li, Bowhead Specialty Holdings Inc.'s Chief Accounting Officer, surrendered 2,353 shares on 2026-05-23 to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The shares were valued at $28.30 each, totaling $66,590. This was a tax-withholding disposal (routine), not a market sale intended as an investment decision.
Key Details
- Transaction date and price: 2026-05-23 — 2,353 shares at $28.30 per share (total value $66,590).
- Filing date (Form 4): 2026-05-27.
- Shares owned after the transaction: not specified in this Form 4.
- Footnote: F1 — shares were surrendered to the issuer to pay required tax withholdings upon vesting of RSUs.
- Transaction type: tax withholding (code F) — a routine disposition to cover taxes rather than a directional buy/sell by the insider.
Context
Tax-withholding surrenders are common when RSUs vest and do not necessarily indicate the insider's view of the stock. They differ from open-market sales because the insider is using shares to meet tax obligations rather than liquidating for cash.