HG CFO gets performance-based share award
Hamilton Insurance Group, Ltd. Chief Financial Officer Craig Howie reported a stock award tied to performance goals.
Rhea-AI Filing Summary
Hamilton Insurance Group, Ltd. Chief Financial Officer Craig Howie reported a stock award tied to performance goals. He acquired 87,464 Class B common shares at $0.00 per share upon certification of performance stock units earned under the company’s equity incentive plan.
The PSUs were based on annualized underwriting return on capital for the 3-year period ending on December 31, 2025, which HG confirmed at 8.6%, resulting in a 200% of target payout. To cover tax obligations from this vesting, 34,374 shares were disposed of at a price of $30.55 per share, leaving 261,629 shares held directly, including restricted stock units.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Shares | 87,464 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class B Common Shares | 34,374 | $30.55 | $1.05M |
Footnotes (4)
- F1. Represents shares acquired upon the certification by Hamilton Insurance Group, Ltd. ("HG") for the satisfaction of performance criteria underlying an award of performance stock units ("PSUs") previously granted to the reporting person under the terms of the HG Equity Incentive Plan. The reporting person's PSUs are earned based on the HG annualized underwriting return on capital for the 3-year performance period ending on December 31, 2025. HG confirmed the annualized underwriting return on capital for the 3-year performance period ending on December 31, 2025, was 8.6%, resulting in a performance payout at 200% of target.
- F2. Includes restricted stock units.
- F3. Represents shares withheld to satisfy tax obligations arising out of the vesting of the reporting person's PSUs.
- F4. Represents the closing price per share on February 24, 2025, used to determine the number of shares to be withheld by the issuer to satisfy tax withholding obligations.
FAQ
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What did Hamilton Insurance Group (HG) CFO Craig Howie report on this Form 4?
What performance result triggered the Hamilton Insurance Group (HG) PSU payout?
What do the performance stock units (PSUs) represent for Hamilton Insurance Group (HG)?
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