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.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-02-25 | RYAN PATRICIA A. (Chief Legal Officer) | Buy | 1,442.00 | N/A | 2026 LTIP - RSUs |
| 2026-02-25 | RYAN PATRICIA A. (Chief Legal Officer) | Buy | 1,442.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | RYAN PATRICIA A. (Chief Legal Officer) | Buy | 1,442.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | RYAN PATRICIA A. (Chief Legal Officer) | Buy | 10,815.00 | N/A | 2026 Bright Future - RSUs |
| N/A | Khan Shakoor (Corp. Dev. Officer) | Holding | 694.00 | N/A | Common Stock |
| 2026-02-25 | Khan Shakoor (Corp. Dev. Officer) | Buy | 1,261.00 | N/A | 2026 LTIP - RSUs |
| 2026-02-25 | Khan Shakoor (Corp. Dev. Officer) | Buy | 1,261.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | Khan Shakoor (Corp. Dev. Officer) | Buy | 1,261.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | Khan Shakoor (Corp. Dev. Officer) | Buy | 4,326.00 | N/A | 2026 Bright Future - RSUs |
| N/A | Ibeson David Christopher Ben (CEO - Apollo) | Holding | 266,867.00 | N/A | Common Stock |
| N/A | Ibeson David Christopher Ben (CEO - Apollo) | Holding | 79,708.00 | N/A | Common Stock |
| 2026-02-25 | Ibeson David Christopher Ben (CEO - Apollo) | Buy | 21,630.00 | N/A | 2026 MIP - RSUs |
| N/A | Slaughter James Richard (CUO - Apollo) | Holding | 55,475.00 | N/A | Common Stock |
| N/A | Slaughter James Richard (CUO - Apollo) | Holding | 12,724.00 | N/A | Common Stock |
| 2026-02-25 | Slaughter James Richard (CUO - Apollo) | Buy | 108,154.00 | N/A | 2026 MIP - RSUs |
| N/A | McHarg Taryn Leonie (CFO - Apollo) | Holding | 7,764.00 | N/A | Common Stock |
| 2026-02-25 | McHarg Taryn Leonie (CFO - Apollo) | Buy | 37,854.00 | N/A | 2026 MIP - RSUs |
| 2026-02-25 | Schmitt Thomas N (CPO, Skyward Group) | Buy | 2,929.00 | N/A | Common Stock |
| 2026-02-26 | Schmitt Thomas N (CPO, Skyward Group) | Sell | 1,153.00 | 45.89 | Common Stock |
| 2026-02-25 | Schmitt Thomas N (CPO, Skyward Group) | Sell | 2,525.00 | N/A | 2023 LTIP - PSUs |
| 2026-02-25 | Schmitt Thomas N (CPO, Skyward Group) | Buy | 1,442.00 | N/A | 2026 LTIP - RSUs |
| 2026-02-25 | Schmitt Thomas N (CPO, Skyward Group) | Buy | 1,442.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | Schmitt Thomas N (CPO, Skyward Group) | Buy | 1,442.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | Bodnar Dan PK (Chief Information Officer) | Buy | 2,343.00 | N/A | Common Stock |
| 2026-02-26 | Bodnar Dan PK (Chief Information Officer) | Sell | 876.00 | 45.89 | Common Stock |
| 2026-02-25 | Bodnar Dan PK (Chief Information Officer) | Sell | 2,020.00 | N/A | 2023 LTIP - PSUs |
| 2026-02-25 | Bodnar Dan PK (Chief Information Officer) | Buy | 1,261.00 | N/A | 2026 LTIP - RSUs |
| 2026-02-25 | Bodnar Dan PK (Chief Information Officer) | Buy | 1,261.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | Bodnar Dan PK (Chief Information Officer) | Buy | 4,326.00 | N/A | 2026 Bright Future - RSUs |
| 2026-02-25 | Kapadia Sandip A (Head of Actuarial) | Buy | 2,343.00 | N/A | Common Stock |
| 2026-02-26 | Kapadia Sandip A (Head of Actuarial) | Sell | 847.00 | 45.89 | Common Stock |
| 2026-02-25 | Kapadia Sandip A (Head of Actuarial) | Sell | 2,020.00 | N/A | 2023 LTIP - PSUs |
| 2026-02-25 | Kapadia Sandip A (Head of Actuarial) | Buy | 2,884.00 | N/A | 2026 LTIP - RSUs |
| 2026-02-25 | Kapadia Sandip A (Head of Actuarial) | Buy | 2,884.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | Kapadia Sandip A (Head of Actuarial) | Buy | 4,326.00 | N/A | 2026 Bright Future - RSUs |
| 2026-02-25 | HAUSHILL MARK W (EVP & CFO, Skyward Group) | Buy | 4,392.00 | N/A | Common Stock |
| 2026-02-26 | HAUSHILL MARK W (EVP & CFO, Skyward Group) | Sell | 1,436.00 | 45.89 | Common Stock |
| 2026-02-25 | HAUSHILL MARK W (EVP & CFO, Skyward Group) | Sell | 3,787.00 | N/A | 2023 LTIP - PSUs |
| 2026-02-25 | HAUSHILL MARK W (EVP & CFO, Skyward Group) | Buy | 4,326.00 | N/A | 2026 LTIP - RSUs |
| 2026-02-25 | HAUSHILL MARK W (EVP & CFO, Skyward Group) | Buy | 4,326.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | HAUSHILL MARK W (EVP & CFO, Skyward Group) | Buy | 4,326.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | Robinson Andrew S (Chairman & CEO, Skyward Group) | Buy | 17,575.00 | N/A | Common Stock |
| 2026-02-26 | Robinson Andrew S (Chairman & CEO, Skyward Group) | Sell | 6,916.00 | 45.89 | Common Stock |
| 2026-02-25 | Robinson Andrew S (Chairman & CEO, Skyward Group) | Sell | 15,151.00 | N/A | 2023 LTIP - PSUs |
| 2026-02-25 | Robinson Andrew S (Chairman & CEO, Skyward Group) | Buy | 28,841.00 | N/A | 2026 LTIP - RSUs |
| 2026-02-25 | Robinson Andrew S (Chairman & CEO, Skyward Group) | Buy | 28,841.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | Robinson Andrew S (Chairman & CEO, Skyward Group) | Buy | 28,841.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | Burkhart John A III (President, US P&C) | Buy | 4,198.00 | N/A | Common Stock |
| 2026-02-26 | Burkhart John A III (President, US P&C) | Sell | 1,652.00 | 45.89 | Common Stock |
| 2026-02-25 | Burkhart John A III (President, US P&C) | Sell | 3,619.00 | N/A | 2023 LTIP - PSUs |
| 2026-02-25 | Burkhart John A III (President, US P&C) | Buy | 7,210.00 | N/A | 2026 LTIP - RSUs |
| 2026-02-25 | Burkhart John A III (President, US P&C) | Buy | 7,210.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | Burkhart John A III (President, US P&C) | Buy | 7,210.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | HAUSHILL MARK W (EVP & CFO, Skyward Group) | Buy | 4,392.00 | N/A | Common Stock |
| 2026-02-26 | HAUSHILL MARK W (EVP & CFO, Skyward Group) | Sell | 1,436.00 | 45.89 | Common Stock |
| 2026-02-25 | HAUSHILL MARK W (EVP & CFO, Skyward Group) | Sell | 3,787.00 | N/A | 2023 LTIP - PSUs |
| 2026-02-25 | HAUSHILL MARK W (EVP & CFO, Skyward Group) | Buy | 4,326.00 | N/A | 2026 LTIP - RSUs |
| 2026-02-25 | HAUSHILL MARK W (EVP & CFO, Skyward Group) | Buy | 4,326.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | HAUSHILL MARK W (EVP & CFO, Skyward Group) | Buy | 4,326.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | Duffy Sean W (EVP & Chief Claims Officer) | Buy | 3,318.00 | N/A | Common Stock |
| 2026-02-26 | Duffy Sean W (EVP & Chief Claims Officer) | Sell | 1,391.00 | 45.89 | Common Stock |
| 2026-02-25 | Duffy Sean W (EVP & Chief Claims Officer) | Sell | 2,861.00 | N/A | 2023 LTIP - PSUs |
| 2026-02-25 | Duffy Sean W (EVP & Chief Claims Officer) | Buy | 1,442.00 | N/A | 2026 LTIP - RSUs |
| 2026-02-25 | Duffy Sean W (EVP & Chief Claims Officer) | Buy | 1,442.00 | N/A | 2026 LTIP - PSUs |
| 2026-02-25 | Duffy Sean W (EVP & Chief Claims Officer) | Buy | 4,326.00 | N/A | 2026 Bright Future - RSUs |




