RSU vesting boosts Skyward (NASDAQ: SKWD) CPO Schmitt holdings shares
Rhea-AI Filing Summary
Skyward Specialty Insurance Group CPO Thomas N. Schmitt reported stock activity tied to previously granted restricted stock units. On January 12, 2026, 5,000 shares of common stock were issued upon settlement of a 2023 IPO 4-year RSU grant and another 5,000 shares were issued from a 2023 IPO 3-year RSU grant, both at an exercise price of $0. To satisfy tax withholding on these vestings, the issuer withheld 2,149 shares and 1,968 shares at a price of $46.10 per share, which the footnotes state was mandated by the company and not a discretionary sale by Schmitt. Following these transactions, Schmitt directly beneficially owned 17,363 shares of Skyward common stock, and 5,000 RSUs from the 4-year grant remain outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 IPO RSU Grant (4-Year) | 5,000 | $0.00 | -- |
| Exercise | 2023 IPO RSU Grant (3-Year) | 5,000 | $0.00 | -- |
| Exercise | Common Stock | 5,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,149 | $46.10 | $99K |
| Exercise | Common Stock | 5,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,968 | $46.10 | $91K |
Footnotes (1)
- Represents the number of shares that were acquired by the Reporting Person in connection with the settlement of the Restricted Stock Units ("RSUs") listed in Table II. The disposition reported on this Form 4 represents shares withheld to cover tax withholding obligations in connection with the vesting and settlement of the RSUs listed in Table II. The disposition is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person. The number of shares withheld by the Issuer for the Reporting Owner was calculated using the closing price of the Issuer's Common Stock on the vesting date, January 12, 2026, pursuant to the Skyward Specialty Insurance Group, Inc. 2022 Long Term Incentive Plan. Each RSU represents the right to receive one share of the Issuer's Common Stock upon settlement. On January 12, 2023, the Reporting Person was granted an RSU Award in the amount of 10,000 RSUs. Subject to the terms of the RSU Agreement, 50% of the RSUs fully vested on January 12, 2026. Subject to the Reporting Person's continuous service the remaining 50% of the RSUs will vest on January 12, 2027. On January 12, 2023, the Reporting Person was granted an RSU Award in the amount of 10,000 RSUs. Subject to the terms of the RSU Agreement, 50% of the RSUs fully vested on January 12, 2025, and the remaining 50% of the RSUs fully vested on January 12, 2026.
FAQ
What insider activity did Skyward Specialty (SKWD) report for Thomas N. Schmitt?
The filing shows CPO Thomas N. Schmitt settled RSU awards into common stock on January 12, 2026, receiving 10,000 shares from two 2023 IPO RSU grants and having shares withheld to cover taxes.
What RSU grants are described in the Skyward Specialty (SKWD) Form 4?
The filing describes two 2023 IPO RSU awards of 10,000 RSUs each granted on January 12, 2023: a 4-year grant where 50% vested on January 12, 2026, with the remaining 50% scheduled to vest on January 12, 2027, and a 3-year grant where 50% vested on January 12, 2025 and the remaining 50% vested on January 12, 2026.
How many Skyward (SKWD) RSUs remain outstanding for Thomas Schmitt after this Form 4?
Table II shows that after settlement on January 12, 2026, 5,000 RSUs remain beneficially owned from the 2023 IPO 4-year RSU grant, while the 2023 IPO 3-year RSU grant is fully settled with 0 RSUs remaining.