Bowhead Specialty (BOW) CEO awarded stock units, surrenders shares for taxes
Rhea-AI Filing Summary
Bowhead Specialty Holdings Inc. CEO and President Stephen Jay Sills reported equity compensation grants and related tax withholding activity in Common Stock. On February 19, he received two stock awards totaling 90,703 and 88,566 shares, recorded as grant or award acquisitions at no cash cost.
On February 20, 5,419 shares were surrendered to the issuer to cover required tax withholdings due upon vesting of restricted stock units at $24.90 per share, a tax-withholding disposition rather than an open-market sale. He also reports additional indirect holdings through various family trusts and entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 173,850 shares
Net Buy
13 txns
Insider
Sills Stephen Jay
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 5,419 | $24.90 | $135K |
| Grant/Award | Common Stock | 90,703 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 88,566 | $0.00 | $0.00 |
| 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 — 959,850 shares (Direct);
Common Stock — 75,000 shares (Indirect, By Stephen J. Sills 2024 I GRAT #4);
Common Stock — 97,911 shares (Indirect, By Stephen J. Sills 2024 I GRAT #3);
Common Stock — 72,000 shares (Indirect, By Stephen J. Sills Irrevocable Family GST Exempt Trust);
Common Stock — 1,141 shares (Indirect, By Sills Family Trust 1);
Common Stock — 1,141 shares (Indirect, By Sills Family Trust 2);
Common Stock — 1,141 shares (Indirect, By Sills Family Trust 3);
Common Stock — 1,141 shares (Indirect, By Sills Family Trust 4);
Common Stock — 1,141 shares (Indirect, By Sills Family Trust 5);
Common Stock — 214,469 shares (Indirect, By Sills 2024 LLC);
Common Stock — 72,500 shares (Indirect, By Stephen J. Sills 2024 I Grant #2)
Footnotes (3)
- F1. Reflects a grant of restricted stock units.
- F2. Reflects a grant of performance stock units.
- F3. Represents shares surrendered to the Issuer by the Reporting Person to pay required tax withholdings due upon vesting of restricted stock units.
FAQ
What insider transactions did Bowhead Specialty (BOW) CEO Stephen J. Sills report on this Form 4?
Stephen J. Sills reported equity compensation activity, including two stock awards and one tax-withholding share surrender. The awards increased his direct Common Stock holdings, while a smaller portion was surrendered back to the issuer to cover required tax withholdings on vested restricted stock units.
What indirect Bowhead Specialty (BOW) holdings are reported for Stephen J. Sills?
The filing lists indirect ownership in Bowhead Specialty Common Stock through several trusts and an LLC, including vehicles such as the Sills 2024 LLC, multiple Sills Family Trusts, and GRATs, each with its own reported share balance following the reported holding entries.
How did Stephen J. Sills’ direct ownership in Bowhead Specialty (BOW) change after these transactions?
Direct ownership increased due to the two stock awards and then decreased slightly from the tax-withholding surrender. After the 5,419-share surrender, his directly held Common Stock balance is reported as 959,850 shares following the final transaction in the sequence.
AI-generated analysis. How Rhea-AI works. Not financial advice.
