Bowhead Specialty (NYSE: BOW) CEO surrenders 13,053 shares for RSU tax
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Bowhead Specialty Holdings CEO Stephen Jay Sills reported an amended Form 4 showing a tax-related share disposition. On May 22, 2026, 13,053 shares of common stock were surrendered to the company at $28.46 per share to cover required tax withholdings upon vesting of restricted stock units, correcting an earlier filing. Following this tax-withholding disposition, Sills directly held 850,226 common shares and also reported additional indirect holdings through multiple trusts and an LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Sills Stephen Jay
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 13,053 | $28.46 | $371K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 850,226 shares (Direct, null);
Common Stock — 2,681 shares (Indirect, By Sills Family Trust 1)
Footnotes (1)
- Represents shares surrendered to the Issuer by the Reporting Person to pay required tax withholdings due upon vesting of restricted stock units, correcting an inadvertent error in the Form 4 filed on May 26, 2026. Includes 31,129 shares of common stock transferred on May 15, 2026, for no consideration, from the Stephen J. Sills 2024 I GRAT #2 to the direct holdings of the Reporting Person. Such transaction was exempt from reporting pursuant to Rule 16a-13 of the Securities Exchange Act of 1934, as amended.
Key Figures
Tax-withholding shares: 13,053 shares
Implied per-share value: $28.46 per share
Direct holdings after transaction: 850,226 shares
+3 more
6 metrics
Tax-withholding shares
13,053 shares
Shares surrendered for tax withholdings on RSU vesting
Implied per-share value
$28.46 per share
Value used for 13,053-share tax-withholding disposition
Direct holdings after transaction
850,226 shares
Common stock held directly following tax-withholding disposition
Sills 2024 LLC indirect holdings
214,469 shares
Common stock held indirectly by Sills 2024 LLC
Irrevocable Family GST Exempt Trust holdings
72,000 shares
Common stock held indirectly by Stephen J. Sills Irrevocable Family GST Exempt Trust
GRAT #2 indirect holdings
41,371 shares
Common stock held indirectly by Stephen J. Sills 2024 I GRAT #2
Key Terms
restricted stock units, tax withholdings, Rule 16a-13, GRAT, +1 more
5 terms
restricted stock units financial
"due upon vesting of restricted stock units, correcting an inadvertent error"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholdings financial
"shares surrendered to the Issuer by the Reporting Person to pay required tax withholdings due"
Rule 16a-13 regulatory
"Such transaction was exempt from reporting pursuant to Rule 16a-13 of the Securities Exchange Act"
GRAT financial
"Includes 31,129 shares of common stock transferred on May 15, 2026, from the Stephen J. Sills 2024 I GRAT #2"
GST Exempt Trust financial
"By Stephen J. Sills Irrevocable Family GST Exempt Trust"
FAQ
What did Bowhead Specialty (BOW) CEO Stephen Sills report in this amended Form 4?
Stephen Sills reported an amended Form 4 showing shares used for tax withholding. He surrendered 13,053 Bowhead common shares to the company to pay required taxes on vested restricted stock units, correcting an inadvertent error in a prior Form 4 filed on May 26, 2026.
What are Stephen Sills’ direct Bowhead (BOW) holdings after this tax-withholding transaction?
After the tax-withholding disposition, Stephen Sills directly held 850,226 Bowhead common shares. This figure reflects his remaining direct ownership following surrender of 13,053 shares to pay tax obligations related to vesting restricted stock units, as detailed in the amended Form 4 filing.
Does this Bowhead (BOW) Form 4/A involve open-market buying or selling by Stephen Sills?
The Form 4/A does not report open-market buying or selling by Stephen Sills. It shows a tax-withholding disposition coded “F,” where 13,053 shares were surrendered to the issuer to pay taxes on vested restricted stock units, a routine compensation-related event rather than a market trade.
What indirect Bowhead (BOW) holdings associated with Stephen Sills are disclosed in this filing?
The filing lists multiple indirect Bowhead holdings associated with Stephen Sills, including 214,469 shares held by Sills 2024 LLC and 72,000 shares held by the Stephen J. Sills Irrevocable Family GST Exempt Trust, along with several GRATs and family trusts each holding smaller share amounts.
Why was this Bowhead (BOW) Form 4 amended according to the footnotes?
The Form 4 was amended to correct an inadvertent error in the earlier May 26, 2026 filing. The footnote explains that 13,053 shares were surrendered to Bowhead to satisfy required tax withholdings on restricted stock unit vesting, and this correction aligns reported data with that event.