Skyward Specialty (SKWD) CFO details RSU vesting and tax shares withholding
Rhea-AI Filing Summary
Skyward Specialty Insurance Group EVP & CFO Mark W. Haushill reported the vesting and settlement of previously granted restricted stock units (RSUs) into common stock. On January 12, 2026, 6,665 shares were issued upon settlement of a 2023 IPO four-year RSU grant and another 6,665 shares were issued from a 2023 IPO three-year RSU grant, both at an exercise price of $0 per share. To cover tax withholding obligations tied to these vestings, the issuer withheld 2,797 shares and 2,623 shares at a price of $46.1 per share, transactions that were mandated by the company and not discretionary. Following these transactions, Haushill directly owned 133,456 shares of Skyward Specialty common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 IPO RSU Grant (4-Year) | 6,665 | $0.00 | -- |
| Exercise | 2023 IPO RSU Grant (3-Year) | 6,665 | $0.00 | -- |
| Exercise | Common Stock | 6,665 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,797 | $46.10 | $129K |
| Exercise | Common Stock | 6,665 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,623 | $46.10 | $121K |
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 13,330 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 13,330 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 its CFO?
Skyward Specialty (SKWD) reported that EVP & CFO Mark W. Haushill settled previously granted RSUs into common stock and had some of those shares withheld to cover tax obligations.
How many Skyward Specialty (SKWD) RSUs vested for the CFO on January 12, 2026?
On January 12, 2026, a total of 13,330 RSUs (6,665 from a four-year IPO grant and 6,665 from a three-year IPO grant) vested and were settled into an equal number of Skyward Specialty common shares.
What do the Skyward Specialty (SKWD) RSU grants reported for the CFO represent?
Each reported RSU from the 2023 IPO grants represents the right to receive one share of Skyward Specialty common stock upon settlement, with vesting schedules described in the filing footnotes.