Hamilton Insurance (HG) PSUs vest; 18,284 shares granted, 8,594 withheld

Rhea-AI Filing Summary

Hamilton Insurance Group, Ltd. reported that Group Head of HR & Communications Daniel Mark Fisher received a grant of 18,284 Class B common shares at a price of $0.00 per share. This reflects the certification of performance stock units based on underwriting results.

The company confirmed an annualized underwriting return on capital of 8.6% for the three-year period ending December 31, 2025, which produced a 200% of target performance payout. To cover related tax obligations, 8,594 Class B shares were withheld at a reference price of $30.55 per share, leaving Fisher with 98,353 Class B shares held directly after these transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fisher Daniel Mark

(Last) (First) (Middle)

C/O HAMILTON INSURANCE GROUP, LTD.

WELLESLEY HOUSE NORTH, 90 PITTS BAY ROAD

(Street)

PEMBROKE D0 HM08

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hamilton Insurance Group, Ltd. [ HG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Group Head of HR & Comm.

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class B Common Shares	02/24/2026		A		18,284(1)	A	$0	106,947(2)	D
Class B Common Shares	02/24/2026		F		8,594(3)	D	$30.55(4)	98,353(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. Includes restricted stock units.

3. Represents shares withheld to satisfy tax obligations arising out of the vesting of the reporting person's PSUs.

4. 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.

Remarks:

	/s/ Gemma Carreiro, Attorney-in-Fact	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Hamilton Insurance Group (HG) report for Daniel Mark Fisher?

Hamilton Insurance Group reported that Daniel Mark Fisher received 18,284 Class B common shares from performance stock units and had 8,594 shares withheld to cover taxes. After these transactions, he directly held 98,353 Class B shares in total.

Why did Daniel Mark Fisher receive 18,284 Class B shares at Hamilton Insurance Group (HG)?

He received 18,284 Class B shares upon certification of performance stock units granted under the HG Equity Incentive Plan. These units vested based on Hamilton’s annualized underwriting return on capital over a three-year period ending December 31, 2025.

What performance results triggered PSU vesting at Hamilton Insurance Group (HG)?

Hamilton Insurance Group confirmed an 8.6% annualized underwriting return on capital for the three-year period ending December 31, 2025. This result generated a 200% of target performance payout for Daniel Mark Fisher’s performance stock units.

Why were 8,594 Hamilton Insurance Group (HG) shares disposed of in Daniel Mark Fisher’s Form 4?

The 8,594 Class B shares shown as disposed were withheld to satisfy tax obligations from the vesting of Fisher’s performance stock units. The issuer used a $30.55 closing share price as the basis for determining the withheld amount.

How many Hamilton Insurance Group (HG) shares does Daniel Mark Fisher hold after these transactions?

Following the performance-based share grant and tax-withholding disposition, Daniel Mark Fisher directly holds 98,353 Class B common shares of Hamilton Insurance Group. This figure includes previously held shares and any restricted stock units counted in the reported total.

What role does Daniel Mark Fisher hold at Hamilton Insurance Group (HG)?

Daniel Mark Fisher serves as Group Head of HR & Communications at Hamilton Insurance Group. The reported equity transactions relate to his compensation, including performance stock units and associated tax withholding on vested awards.