Khan Shakoor 4

What Happened
Khan Shakoor, Corporate Development Officer at Skyward Specialty Insurance Group (SKWD), received equity awards on February 25, 2026 totaling 8,109 derivative units (grants at $0.00). The awards consist of 5,587 Restricted Stock Units (RSUs) and 2,522 Performance Stock Units (PSUs). These are compensation awards (not open-market purchases or sales) that convert to common shares if and when vesting and performance conditions are met.

Key Details

• Transaction date: February 25, 2026; filing date: February 27, 2026 (appears timely).
• Total units granted: 8,109 (all recorded as grants / derivative awards at $0.00).
  • RSUs: 1,261 (vest 100% on Jan 1, 2029) + 4,326 (50% vests Jan 1, 2029; 50% vests Jan 1, 2030) = 5,587 RSUs.
  • PSUs: 1,261 + 1,261 = 2,522 PSUs; each PSU equals one share and vests (0%–200% payout) based on performance, with full vesting determination by Dec 31, 2028.
• Footnote re prior ESPP purchases: the reported holdings reflect earlier ESPP acquisitions of 134 shares (June 1, 2025) and 156 shares (Dec 1, 2025) — total 290 shares from the ESPP.
• Shares owned after the transaction are not explicitly stated in the Form 4; the filing includes the ESPP note above.
• Transaction code: A (award/grant). No cash changed hands at grant; these are compensation-related derivative awards.

Context

• RSUs/PSUs are typical long-term compensation: RSUs settle to shares on vesting; PSUs pay out based on performance metrics (may result in 0%–200% of target units). These awards do not indicate an immediate purchase or sale of shares.
• For retail investors, awards are routine executive compensation; they show how the company incentivizes executives but are not direct bullish/bearish trades by the insider.