Hamilton Janice M 4
4 · RYAN SPECIALTY HOLDINGS, INC. · Filed Jul 24, 2026
Research Summary
AI-generated summary of this filing
RYAN CFO Janice Hamilton Receives Shares via Unit Vesting
What Happened
Janice M. Hamilton, Chief Financial Officer of Ryan Specialty Holdings, had Restricted LLC Units vest and convert into 5,821 shares of the issuer's Class A common stock on July 22, 2026. To satisfy tax withholding, 1,706 of those shares were withheld and valued at $40.89 per share, for a withholding amount of $69,758. The conversion/settlement involved no purchase price for the converted units.
Key Details
- Transaction date: July 22, 2026; Form 4 filed July 24, 2026 (appears timely under Form 4 rules).
- Shares received on conversion/settlement: 5,821 (derivative conversion; transaction code M).
- Shares withheld for taxes: 1,706 at $40.89/share = $69,758 (tax withholding; transaction code F).
- Net shares retained by insider after withholding: 4,115 (5,821 − 1,706).
- Footnote: These were Restricted LLC Units of New Ryan Specialty, LLC that vested and, at the issuer’s option, settled into Class A common stock. The units were originally granted July 22, 2021 and follow a multi-year vesting schedule (10% annually from 7/22/2024–7/22/2030, then 30% on 7/22/2031).
- Shares owned after the transaction: not specified in the filing.
Context
This was a vesting/conversion of restricted LLC units into common stock, with routine tax-withholding shares surrendered to the issuer — not an open-market sale. Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability. Such administrative withholding is common and should not be interpreted as a market-direction trade by the insider.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-07-22+5,821→ 20,395 total - Tax Payment
Class A Common Stock
2026-07-22$40.89/sh−1,706$69,758→ 18,689 total - Exercise/Conversion
Restricted LLC Units
[F2]2026-07-22−5,821→ 40,747 total→ Class A Common Stock (5,821 underlying)
Footnotes (2)
- [F1]The Restricted LLC Units of New Ryan Specialty, LLC (the "LLC") vested and, at the option of the Issuer, settled into shares of Class A common stock of the Issuer.
- [F2]Represents Restricted LLC Units of New Ryan Specialty, LLC granted on July 22, 2021 which vest 10% each year on the anniversary of the grant date from July 22, 2024 to July 22, 2030 and 30% on July 22, 2031. Such grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3). Each Restricted LLC Unit represents a contingent right to receive one Common Unit and one share of Class B Common Stock. The Common Units are exchangeable on a one-for-one basis for Class A Common Stock of the Issuer.