Skyward Specialty (NASDAQ: SKWD) director granted 3,334 RSUs, holds 3,519 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Skyward Specialty Insurance Group director receives RSU grant
Director Michael J. Morrissey reported a new award of 3,334 restricted stock units (RSUs) tied to Skyward Specialty Insurance Group, Inc. common stock. Each RSU will convert into one share after it vests and is settled.
The award was granted on May 6, 2026 and is scheduled to fully vest on the date of the company’s 2027 Annual Meeting of Shareholders, subject to the award terms. Morrissey has elected to defer settlement of this RSU award until his separation from the company under the deferred compensation plan for non-employee directors. After the reported transactions, he holds 3,519 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Morrissey Michael J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 RSU Award | 3,334 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2026 RSU Award — 3,334 shares (Direct);
Common Stock — 3,519 shares (Direct)
Footnotes (1)
- Each RSU represents the right to receive, after vesting and upon settlement, one share of Common Stock of the Issuer. On May 6, 2026, the Reporting Person was granted an RSU Award in the amount of 3,334 RSUs. Subject to the terms of the award agreement, this award will fully vest on the date of the Issuer's 2027 Annual Meeting of Shareholders. The Reporting Person has elected to defer the settlement of this RSU award until their separation from the Company, pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors.
Key Figures
RSU grant size: 3,334 RSUs
Common shares held: 3,519 shares
RSU-to-share ratio: 1 RSU = 1 share
3 metrics
RSU grant size
3,334 RSUs
Award granted on May 6, 2026
Common shares held
3,519 shares
Direct ownership after reported transactions
RSU-to-share ratio
1 RSU = 1 share
Each RSU converts into one common share upon vesting and settlement
Key Terms
restricted stock units (RSUs), RSU Award, Deferred Compensation Plan for Non-Employee Directors, Form 4
4 terms
restricted stock units (RSUs) financial
"Each RSU represents the right to receive, after vesting and upon settlement, one share of Common Stock"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
RSU Award financial
"On May 6, 2026, the Reporting Person was granted an RSU Award in the amount of 3,334 RSUs."
Deferred Compensation Plan for Non-Employee Directors financial
"pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors."
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did SKWD director Michael Morrissey report on this Form 4?
Michael J. Morrissey reported receiving a grant of 3,334 restricted stock units (RSUs) linked to Skyward Specialty Insurance Group, Inc. common stock. This is a compensation-related equity award rather than an open-market share purchase or sale.
When do Michael Morrissey’s new SKWD RSUs vest and settle?
The 3,334 RSUs are scheduled to fully vest on the date of Skyward Specialty Insurance Group’s 2027 Annual Meeting of Shareholders. Morrissey has elected to defer settlement of these units until his separation from the company under the deferred compensation plan.
What does each RSU granted to SKWD director Michael Morrissey represent?
Each RSU in the 3,334-unit award represents the right to receive, after vesting and upon settlement, one share of Skyward Specialty Insurance Group common stock. RSUs are a form of equity compensation that converts into actual shares in the future.