Skyward Specialty (SKWD) officer receives multiple RSU and PSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Khan Shakoor reported acquisition or exercise transactions in this Form 4 filing.
Skyward Specialty Insurance Group, Inc. reported that Corporate Development Officer Shakoor Khan received multiple equity awards on February 25, 2026. He was granted 1,261 Restricted Stock Units (RSUs) under the 2026 LTIP that vest 100% on January 1, 2029, plus 4,326 RSUs under the 2026 Bright Future program, vesting 50% on January 1, 2029 and 50% on January 1, 2030, subject to continued service. He also received two separate Performance Stock Unit (PSU) awards of 1,261 units each, which can vest from 0% to 200% of the stated amount based on performance conditions and fully vest on December 31, 2028. Each RSU or PSU represents the right to receive one share of common stock upon settlement, and his directly held common stock position reflects prior purchases through the company’s Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Khan Shakoor
Role
Corp. Dev. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 LTIP - RSUs | 1,261 | $0.00 | -- |
| Grant/Award | 2026 LTIP - PSUs | 1,261 | $0.00 | -- |
| Grant/Award | 2026 LTIP - PSUs | 1,261 | $0.00 | -- |
| Grant/Award | 2026 Bright Future - RSUs | 4,326 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2026 LTIP - RSUs — 1,261 shares (Direct);
2026 LTIP - PSUs — 1,261 shares (Direct);
2026 Bright Future - RSUs — 4,326 shares (Direct);
Common Stock — 694 shares (Direct)
Footnotes (1)
- The number of securities reported reflects the June 1, 2025 acquisition of 134 shares and the December 1, 2025 acquisition of 156 shares of the Company's Common Stock pursuant to the Skyward Specialty Insurance Group, Inc. 2022 Employee Stock Purchase Plan ("ESPP") for the ESPP purchase periods of December 1, 2024 through May 31, 2025, and June 1, 2025 through November 30, 2025, respectively. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Common Stock upon settlement. On February 25, 2026, the Reporting Person was granted an RSU Award in the amount of 1,261 RSUs. Subject to the Reporting Person's continuous service through the vesting date, 100% of the RSUs shall vest on January 1, 2029. On February 25, 2026, the Reporting Person was granted 1,261 Performance Stock Units ("PSUs"). Each PSU is equivalent to one share of the Issuer's Common Stock. The number of units subject to vest under this award can range from 0% to 200% of the amount shown based on the satisfaction of performance condition targets during the requisite service period. This award fully vests on December 31, 2028. On February 25, 2026, the Reporting Person was granted 1,261 PSUs. Each PSU is equivalent to one share of the Issuer's Common Stock. The number of units subject to vest under this award can range from 0% to 200% of the amount shown based on the satisfaction of performance condition targets during the requisite service period. This award fully vests on December 31, 2028. On February 25, 2026, the Reporting Person was granted an RSU Award in the amount of 4,326 RSUs. Subject to the terms of the RSU Agreement and the Reporting Person's continuous service through the vesting dates, 50% of the RSUs shall vest on January 1, 2029 and the remaining 50% of the RSUs will vest on January 1, 2030.
FAQ
What equity awards did Shakoor Khan receive from Skyward Specialty Insurance Group (SKWD)?
Shakoor Khan received several equity grants on February 25, 2026: 1,261 RSUs under the 2026 LTIP, 4,326 RSUs under the 2026 Bright Future program, and two PSU awards of 1,261 units each, all tied to Skyward Specialty common stock.
How do the RSU awards for SKWD’s Shakoor Khan vest over time?
The 1,261 LTIP RSUs vest 100% on January 1, 2029, assuming continuous service. The 4,326 Bright Future RSUs vest in two equal installments: 50% on January 1, 2029 and the remaining 50% on January 1, 2030, subject to the RSU agreement terms.
What are the performance conditions for Shakoor Khan’s PSUs at Skyward Specialty (SKWD)?
Khan received two PSU awards of 1,261 units each. Each PSU equals one share of common stock, and the number of units that ultimately vest can range from 0% to 200% of 1,261, depending on achievement of performance targets, with full vesting on December 31, 2028.
When do Shakoor Khan’s PSU awards in SKWD fully vest?
Both PSU awards granted to Shakoor Khan on February 25, 2026 fully vest on December 31, 2028. The actual number of shares delivered will depend on performance condition outcomes measured over the applicable service period leading up to that date.
What does each RSU and PSU granted to SKWD’s Shakoor Khan represent?
Each Restricted Stock Unit and Performance Stock Unit represents the right to receive one share of Skyward Specialty’s common stock upon settlement. For PSUs, the final number of shares depends on achieving specified performance targets, while RSUs depend primarily on continued service and time-based vesting.
How were Shakoor Khan’s SKWD common stock holdings affected by the ESPP?
A footnote explains that his reported common stock holdings include 134 shares acquired on June 1, 2025 and 156 shares acquired on December 1, 2025 through the 2022 Employee Stock Purchase Plan, covering purchase periods ending May 31, 2025 and November 30, 2025.