Ibeson David Christopher Ben 4

What Happened
Ben Ibeson (listed in the filing as Ibeson David Christopher Ben), CEO of Apollo (a division of Skyward Specialty Insurance Group, Inc.), was granted 21,630 Restricted Stock Units (RSUs) on February 25, 2026. The RSUs were awarded at $0.00 (i.e., no cash was paid) and are a derivative award that will convert to shares if and when vested and settled. The grant vests 50% on January 1, 2029 and the remaining 50% on January 1, 2030.

Key Details

• Transaction date: 2026-02-25; Filing date: 2026-02-27 (filed within normal reporting window).
• Award: 21,630 RSUs; grant price reported as $0.00 (derivative award, not an open-market purchase).
• Vesting: 50% on 2029-01-01 and 50% on 2030-01-01 (per RSU agreement).
• Footnotes: F1 — Reporting person is Trustee of the entity; F2 — each RSU equals the right to one share upon settlement; F3 — vesting schedule described above.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context
RSUs are a form of compensation that convert to company stock only after vesting; they are not an immediate cash purchase or sale and therefore don't by themselves indicate a near-term buy/sell signal. The award’s ultimate value will depend on Skyward’s stock price at settlement dates. The filing appears timely (filed two days after the grant date).