Burkhart John A III 4
4 · Skyward Specialty Insurance Group, Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
SKWD President John Burkhart Receives Awards, Exercises PSUs
What Happened
- John A. Burkhart III, President, U.S. P&C of Skyward Specialty Insurance Group (SKWD), had previously awarded performance share units (PSUs) settle and be converted into common shares and also received new equity awards on Feb 25, 2026. The filing shows 4,198 shares acquired via conversion/settlement of derivatives (code M) and 1,652 shares withheld (code F) to cover tax withholding at $45.89/share (total withholding value $75,810). On the same day he was granted a 7,210 RSU award and two separate 7,210 PSU awards (each 7,210 units).
Key Details
- Transaction dates: primary activity reported Feb 25, 2026 (settlement/grants); tax-withholding disposition recorded Feb 26, 2026. Filing date: Feb 27, 2026 (timely).
- Specifics: 4,198 shares acquired via conversion/exercise of derivative (no cash price reported), 1,652 shares withheld at $45.89 for $75,810; earlier-listed 3,619 PSUs (from a 2023 award) are reflected as settled. New awards: 7,210 RSUs (vest 1/1/2029 if service continues) and two 7,210 PSU grants (performance-based, vest 12/31/2028; payouts 0–200% per award).
- Shares owned after the transactions: not specified in this Form 4.
- Footnotes: withholding (F) was issuer-mandated to satisfy tax obligations (not a discretionary sale). Each RSU/PSU represents the right to receive one share upon settlement.
Context
- These were not open-market purchases or discretionary sales; the activity primarily reflects settlement of long‑term compensation (PSUs/RSUs) and routine tax withholding. The tax withholding is effectively a net settlement rather than a voluntary sale. New RSU/PSU grants are subject to future service and performance vesting conditions.
Insider Transaction Report
Form 4
Burkhart John A III
President, US P&C
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-25+4,198→ 36,469 total - Tax Payment
Common Stock
[F2]2026-02-26$45.89/sh−1,652$75,810→ 34,817 total - Exercise/Conversion
2023 LTIP - PSUs
[F3][F4]2026-02-25−3,619→ 0 total→ Common Stock (3,619 underlying) - Award
2026 LTIP - RSUs
[F5][F6]2026-02-25+7,210→ 7,210 total→ Common Stock (7,210 underlying) - Award
2026 LTIP - PSUs
[F7]2026-02-25+7,210→ 7,210 total→ Common Stock (7,210 underlying) - Award
2026 LTIP - PSUs
[F8]2026-02-25+7,210→ 7,210 total→ Common Stock (7,210 underlying)
Footnotes (8)
- [F1]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.
- [F2]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.
- [F3]Each PSU represents the right to receive one share of the Issuer's Common Stock upon settlement.
- [F4]On February 27, 2023, the Reporting Person was awarded 3,619 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.
- [F5]Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Common Stock upon settlement.
- [F6]On February 25, 2026, the Reporting Person was granted an RSU Award in the amount of 7,210 RSUs. Subject to the Reporting Person's continuous service through the vesting date, 100% of the RSUs shall vest on January 1, 2029.
- [F7]On February 25, 2026, the Reporting Person was granted 7,210 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.
- [F8]On February 25, 2026, the Reporting Person was granted 7,210 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.
Signature
/s/ Stacy E. Skelton, Attorney-in-Fact|2026-02-27