Insider Momentum at Skyward Specialty Insurance Group

1. The latest grant and its immediate impact On February 25, 2026, Chief Legal Officer Ryan Patricia A. acquired a total of 12 339 shares of Skyward Specialty through a combination of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). The transaction was executed at the prevailing market price of $46.47, effectively tying the executive’s equity stake to the company’s future performance. The grant, part of the 2026 Long‑Term Incentive Plan (LTIP), is fully vested in 2029, with an additional tranche set to vest in 2030. The fact that the award is “buy‑only” – no cash paid – underscores the company’s confidence in its own valuation and signals that senior management believes the shares are undervalued at current levels.

2. Insider buying in a broader context Ryan’s transaction is one of many recent insider purchases. Across the board, six other top executives – including the CEO, CFO, and several senior operating leaders – have each bought RSU/PSU awards on the same day, amounting to a collective allocation of roughly 70 000 shares. The volume of new equity awards, coupled with the 15% weekly gain in the stock price, suggests that the leadership team is positioning itself to reap the upside as the company continues to mature beyond its IPO. The positive social‑media sentiment (+85) and the high buzz (852%) indicate that investors are paying close attention to these moves, potentially treating them as a bullish signal.

3. What does this mean for investors? For shareholders, the influx of new equity awards signals confidence from the board and executive team. It also reduces the risk that senior management will sell shares on the open market in the near term, preserving capital for growth initiatives. The 2026 awards, however, are not liquid until their vesting dates, so the immediate dilution is limited. The stock’s current price of $45.07 sits near its 52‑week low, yet the price‑to‑earnings ratio of 15.4 suggests the shares are reasonably valued relative to earnings. Should Skyward maintain its underwriting discipline and expand its specialty lines, the value of the RSUs and PSUs will likely appreciate, reinforcing the executives’ alignment with shareholder interests.

4. Long‑term outlook and potential risks Skyward’s specialty insurance niche is highly competitive, with margin pressure from larger insurers entering the market. The recent insider activity can be seen as a hedge against potential upside volatility: executives are incentivized to drive profitability and preserve capital. However, the fact that several insiders have recently sold portions of their holdings (notably the CEO and CFO) indicates a modest liquidity need or a portfolio‑rebalancing strategy. If the company’s earnings fail to hit targets, the performance‑linked portion of the awards may not vest fully, diluting the intended benefit. Investors should monitor future earnings releases, claims experience, and the execution of the company’s expansion strategy to gauge whether the insider buy‑in translates into sustained shareholder value.

5. Bottom line Ryan Patricia A.’s 2026 RSU and PSU awards, mirrored by a cohort of senior executives, illustrate a leadership team that trusts in the company’s trajectory. The alignment of incentives, coupled with a stock trading below its 52‑week low yet still comfortably priced by P/E standards, creates an attractive scenario for long‑term investors. Nonetheless, continued vigilance is warranted: the ultimate payoff hinges on Skyward’s ability to navigate the specialty insurance landscape, manage underwriting risk, and deliver consistent earnings growth.

DateOwnerTransaction TypeSharesPrice per ShareSecurity
2026-02-25RYAN PATRICIA A. (Chief Legal Officer)Buy1,442.00N/A2026 LTIP - RSUs
2026-02-25RYAN PATRICIA A. (Chief Legal Officer)Buy1,442.00N/A2026 LTIP - PSUs
2026-02-25RYAN PATRICIA A. (Chief Legal Officer)Buy1,442.00N/A2026 LTIP - PSUs
2026-02-25RYAN PATRICIA A. (Chief Legal Officer)Buy10,815.00N/A2026 Bright Future - RSUs
N/AKhan Shakoor (Corp. Dev. Officer)Holding694.00N/ACommon Stock
2026-02-25Khan Shakoor (Corp. Dev. Officer)Buy1,261.00N/A2026 LTIP - RSUs
2026-02-25Khan Shakoor (Corp. Dev. Officer)Buy1,261.00N/A2026 LTIP - PSUs
2026-02-25Khan Shakoor (Corp. Dev. Officer)Buy1,261.00N/A2026 LTIP - PSUs
2026-02-25Khan Shakoor (Corp. Dev. Officer)Buy4,326.00N/A2026 Bright Future - RSUs
N/AIbeson David Christopher Ben (CEO - Apollo)Holding266,867.00N/ACommon Stock
N/AIbeson David Christopher Ben (CEO - Apollo)Holding79,708.00N/ACommon Stock
2026-02-25Ibeson David Christopher Ben (CEO - Apollo)Buy21,630.00N/A2026 MIP - RSUs
N/ASlaughter James Richard (CUO - Apollo)Holding55,475.00N/ACommon Stock
N/ASlaughter James Richard (CUO - Apollo)Holding12,724.00N/ACommon Stock
2026-02-25Slaughter James Richard (CUO - Apollo)Buy108,154.00N/A2026 MIP - RSUs
N/AMcHarg Taryn Leonie (CFO - Apollo)Holding7,764.00N/ACommon Stock
2026-02-25McHarg Taryn Leonie (CFO - Apollo)Buy37,854.00N/A2026 MIP - RSUs
2026-02-25Schmitt Thomas N (CPO, Skyward Group)Buy2,929.00N/ACommon Stock
2026-02-26Schmitt Thomas N (CPO, Skyward Group)Sell1,153.0045.89Common Stock
2026-02-25Schmitt Thomas N (CPO, Skyward Group)Sell2,525.00N/A2023 LTIP - PSUs
2026-02-25Schmitt Thomas N (CPO, Skyward Group)Buy1,442.00N/A2026 LTIP - RSUs
2026-02-25Schmitt Thomas N (CPO, Skyward Group)Buy1,442.00N/A2026 LTIP - PSUs
2026-02-25Schmitt Thomas N (CPO, Skyward Group)Buy1,442.00N/A2026 LTIP - PSUs
2026-02-25Bodnar Dan PK (Chief Information Officer)Buy2,343.00N/ACommon Stock
2026-02-26Bodnar Dan PK (Chief Information Officer)Sell876.0045.89Common Stock
2026-02-25Bodnar Dan PK (Chief Information Officer)Sell2,020.00N/A2023 LTIP - PSUs
2026-02-25Bodnar Dan PK (Chief Information Officer)Buy1,261.00N/A2026 LTIP - RSUs
2026-02-25Bodnar Dan PK (Chief Information Officer)Buy1,261.00N/A2026 LTIP - PSUs
2026-02-25Bodnar Dan PK (Chief Information Officer)Buy4,326.00N/A2026 Bright Future - RSUs
2026-02-25Kapadia Sandip A (Head of Actuarial)Buy2,343.00N/ACommon Stock
2026-02-26Kapadia Sandip A (Head of Actuarial)Sell847.0045.89Common Stock
2026-02-25Kapadia Sandip A (Head of Actuarial)Sell2,020.00N/A2023 LTIP - PSUs
2026-02-25Kapadia Sandip A (Head of Actuarial)Buy2,884.00N/A2026 LTIP - RSUs
2026-02-25Kapadia Sandip A (Head of Actuarial)Buy2,884.00N/A2026 LTIP - PSUs
2026-02-25Kapadia Sandip A (Head of Actuarial)Buy4,326.00N/A2026 Bright Future - RSUs
2026-02-25HAUSHILL MARK W (EVP & CFO, Skyward Group)Buy4,392.00N/ACommon Stock
2026-02-26HAUSHILL MARK W (EVP & CFO, Skyward Group)Sell1,436.0045.89Common Stock
2026-02-25HAUSHILL MARK W (EVP & CFO, Skyward Group)Sell3,787.00N/A2023 LTIP - PSUs
2026-02-25HAUSHILL MARK W (EVP & CFO, Skyward Group)Buy4,326.00N/A2026 LTIP - RSUs
2026-02-25HAUSHILL MARK W (EVP & CFO, Skyward Group)Buy4,326.00N/A2026 LTIP - PSUs
2026-02-25HAUSHILL MARK W (EVP & CFO, Skyward Group)Buy4,326.00N/A2026 LTIP - PSUs
2026-02-25Robinson Andrew S (Chairman & CEO, Skyward Group)Buy17,575.00N/ACommon Stock
2026-02-26Robinson Andrew S (Chairman & CEO, Skyward Group)Sell6,916.0045.89Common Stock
2026-02-25Robinson Andrew S (Chairman & CEO, Skyward Group)Sell15,151.00N/A2023 LTIP - PSUs
2026-02-25Robinson Andrew S (Chairman & CEO, Skyward Group)Buy28,841.00N/A2026 LTIP - RSUs
2026-02-25Robinson Andrew S (Chairman & CEO, Skyward Group)Buy28,841.00N/A2026 LTIP - PSUs
2026-02-25Robinson Andrew S (Chairman & CEO, Skyward Group)Buy28,841.00N/A2026 LTIP - PSUs
2026-02-25Burkhart John A III (President, US P&C)Buy4,198.00N/ACommon Stock
2026-02-26Burkhart John A III (President, US P&C)Sell1,652.0045.89Common Stock
2026-02-25Burkhart John A III (President, US P&C)Sell3,619.00N/A2023 LTIP - PSUs
2026-02-25Burkhart John A III (President, US P&C)Buy7,210.00N/A2026 LTIP - RSUs
2026-02-25Burkhart John A III (President, US P&C)Buy7,210.00N/A2026 LTIP - PSUs
2026-02-25Burkhart John A III (President, US P&C)Buy7,210.00N/A2026 LTIP - PSUs
2026-02-25HAUSHILL MARK W (EVP & CFO, Skyward Group)Buy4,392.00N/ACommon Stock
2026-02-26HAUSHILL MARK W (EVP & CFO, Skyward Group)Sell1,436.0045.89Common Stock
2026-02-25HAUSHILL MARK W (EVP & CFO, Skyward Group)Sell3,787.00N/A2023 LTIP - PSUs
2026-02-25HAUSHILL MARK W (EVP & CFO, Skyward Group)Buy4,326.00N/A2026 LTIP - RSUs
2026-02-25HAUSHILL MARK W (EVP & CFO, Skyward Group)Buy4,326.00N/A2026 LTIP - PSUs
2026-02-25HAUSHILL MARK W (EVP & CFO, Skyward Group)Buy4,326.00N/A2026 LTIP - PSUs
2026-02-25Duffy Sean W (EVP & Chief Claims Officer)Buy3,318.00N/ACommon Stock
2026-02-26Duffy Sean W (EVP & Chief Claims Officer)Sell1,391.0045.89Common Stock
2026-02-25Duffy Sean W (EVP & Chief Claims Officer)Sell2,861.00N/A2023 LTIP - PSUs
2026-02-25Duffy Sean W (EVP & Chief Claims Officer)Buy1,442.00N/A2026 LTIP - RSUs
2026-02-25Duffy Sean W (EVP & Chief Claims Officer)Buy1,442.00N/A2026 LTIP - PSUs
2026-02-25Duffy Sean W (EVP & Chief Claims Officer)Buy4,326.00N/A2026 Bright Future - RSUs