RYAN COO Stephen Keogh Receives 22,920-Option Award

What Happened

• Stephen Patrick Keogh, Co‑President and COO of Ryan Specialty Holdings, Inc. (RYAN), received a grant of 22,920 derivative awards (stock options) reported on Form 4 for a transaction dated 2026-08-04. The award is reported at $0.00 per share on the Form 4 (grant), so no cash was paid at grant and the immediate reported value is $0.
• The options are exercisable 1-for-1 for shares of Class A common stock and vest in three equal tranches on October 1, 2029, October 1, 2030 and October 1, 2031.

Key Details

• Transaction date: 2026-08-04; Form 4 filed 2026-08-06 (timely filing).
• Amount: 22,920 stock option units; reported acquisition price: $0.00; Form classifies as a derivative award (code A).
• Vesting/exercise: Vests in equal amounts on 10/01/2029, 10/01/2030 and 10/01/2031; exercisable 1-for-1 into Class A common stock.
• Approval: Grant approved by the compensation and governance committee (noted for compliance with Rule 16b-3).
• Shares owned after transaction: Not specified in the supplied filing details.

Context

• This filing documents an option grant (award), not an option exercise or open-market purchase/sale — there was no immediate sale or cashless exercise reported. Such grants are common executive compensation and do not by themselves indicate the insider bought or sold company stock. Future Form 4 filings would report any exercise or disposition of these options.