Skyward Specialty (SKWD) CEO logs new PSUs, RSUs and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Skyward Specialty Insurance Group, Inc. Chairman and CEO Andrew S. Robinson reported several equity compensation events involving the company’s common stock and long-term incentive plan awards. These are primarily grants, vesting, and tax withholding transactions rather than open-market purchases or sales.
On February 25, 2026, 15,151 Performance Share Units (PSUs) granted in 2023 fully vested after achieving specified performance criteria and were settled in an equal number of common shares. On the same date, Robinson received a new award of 28,841 Restricted Stock Units (RSUs), which are scheduled to vest on January 1, 2029, subject to continuous service. He was also granted 28,841 new PSUs that can vest between 0% and 200% of this amount based on performance targets through December 31, 2028. Separately, on February 26, 2026, 6,916 shares of common stock were withheld at a price of $45.89 per share to satisfy tax obligations tied to the PSU vesting, a disposition mandated by the issuer and not a discretionary sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,151 shares exercised/converted
Mixed
6 txns
Insider
Robinson Andrew S
Role
Chairman & CEO, Skyward Group
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,916 | $45.89 | $317K |
| Exercise | 2023 LTIP - PSUs | 15,151 | $0.00 | -- |
| Grant/Award | 2026 LTIP - RSUs | 28,841 | $0.00 | -- |
| Grant/Award | 2026 LTIP - PSUs | 28,841 | $0.00 | -- |
| Grant/Award | 2026 LTIP - PSUs | 28,841 | $0.00 | -- |
| Exercise | Common Stock | 17,575 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 145,574 shares (Direct);
2023 LTIP - PSUs — 0 shares (Direct);
2026 LTIP - RSUs — 28,841 shares (Direct);
2026 LTIP - PSUs — 28,841 shares (Direct)
Footnotes (1)
- Represents the number of shares that were acquired by the Reporting Person in connection with the settlement of the Performance Share Units ("PSUs") listed in Line I of 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 PSUs listed in Line I of Table II. The disposition is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person. Each PSU represents the right to receive one share of the Issuer's Common Stock upon settlement. On February 27, 2023, the Reporting Person was awarded 15,151 PSUs. The PSUs are subject to obtaining specified performance criteria from January 1, 2023 through December 31, 2025. The number of PSUs subject to vest under this award can range from 0% to 150% of the amount shown. This award fully vested on December 31, 2025 and settled upon certification by the Compensation Committee of the Board of Directors. 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 28,841 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 28,841 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 28,841 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.
FAQ
What insider transactions did SKWD CEO Andrew S. Robinson report on this Form 4?
Andrew S. Robinson reported vesting and settlement of 15,151 performance share units into common stock, grants of 28,841 RSUs and 28,841 PSUs, and withholding of 6,916 shares to cover tax obligations. These events reflect equity compensation activity, not open-market trading.
How many Skyward Specialty (SKWD) PSUs vested for the CEO in this filing?
A 2023 award of 15,151 performance share units fully vested on December 31, 2025 and settled after Compensation Committee certification. Each PSU converted into one share of common stock, resulting in 15,151 shares acquired in connection with this long-term performance-based award.
What new RSU award did the SKWD CEO receive and when does it vest?
On February 25, 2026, the CEO received 28,841 restricted stock units. Each RSU represents one share of common stock and, subject to continuous service, 100% of this RSU award is scheduled to vest on January 1, 2029, aligning with a multi-year retention horizon.
What are the key terms of the new PSUs granted to the SKWD CEO?
On February 25, 2026, the CEO was granted 28,841 performance share units, each equivalent to one share of common stock. The number ultimately vesting can range from 0% to 200% of this amount, based on performance condition targets through December 31, 2028.