Was the WHITE MOUNTAINS (WTM) share grant to Weston Hicks a market purchase?

No, the 190-share transaction was not a market purchase. The filing lists a transaction price of $0.00 per share and describes it as an “Annual Chairman Share Award,” indicating a compensation-related grant, not an open-market buy.

White Mountains (WTM) director Weston Hicks receives 190-share chairman award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Hicks Weston M reported acquisition or exercise transactions in this Form 4 filing.

WHITE MOUNTAINS INSURANCE GROUP LTD director Weston M. Hicks received a grant of 190 Common Shares as an annual chairman share award. The shares were awarded at a price of $0.00 per share, indicating they were compensation rather than a market purchase. Following this award, Hicks directly holds 2,936 Common Shares of the company. The filing reflects a routine equity compensation grant to a director, with no open-market buying or selling activity disclosed.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hicks Weston M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	190	$0.00	--

Holdings After Transaction: Common Shares — 2,936 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Shares granted: 190 shares Grant price: $0.00 per share Shares held after grant: 2,936 shares

3 metrics

Shares granted 190 shares Annual Chairman Share Award on 2026-05-21

Grant price $0.00 per share Equity compensation, not market purchase

Shares held after grant 2,936 shares Total direct holdings after transaction

Key Terms

Common Shares, Grant, award, or other acquisition, Annual Chairman Share Award

3 terms

Common Shares financial

"security_title: "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 10:34 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hicks Weston M

(Last)

(First)

(Middle)

C/O WHITE MOUNTAINS INSURANCE GROUP, LTD

23 SOUTH MAIN STREET, SUITE 3B

(Street)

HANOVER

NEW HAMPSHIRE

03755

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WHITE MOUNTAINS INSURANCE GROUP LTD [ WTM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	05/21/2026		A		190⁽¹⁾	A	$0	2,936	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Annual Chairman Share Award

	Wesley C. Bell, by Power of Attorney	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WHITE MOUNTAINS (WTM) director Weston Hicks report?

Director Weston M. Hicks reported receiving 190 Common Shares as a grant. The award was labeled an “Annual Chairman Share Award,” reflecting routine equity compensation rather than a market trade, and increased his direct holdings in WHITE MOUNTAINS INSURANCE GROUP LTD.

How many WHITE MOUNTAINS (WTM) shares does Weston Hicks hold after this Form 4?

After the reported grant, Weston M. Hicks holds 2,936 Common Shares. This total reflects his direct ownership position following the 190-share annual chairman award disclosed in the Form 4 insider transaction filing.

What does transaction code “A” mean in the WHITE MOUNTAINS (WTM) Form 4?

In this Form 4, transaction code “A” signifies a grant, award, or other acquisition. For Weston M. Hicks, it represents an equity award of 190 Common Shares as part of his annual chairman share compensation, rather than a trade on the open market.

Is the Weston Hicks Form 4 transaction in WHITE MOUNTAINS (WTM) a buy or a sale?

The transaction is an acquisition by grant, not a buy or sale. The Form 4 characterizes it as a grant or award of 190 Common Shares with no cash price, associated with an annual chairman share award program.