Giuseppina Albo - 05 Mar 2024 Form 4 Insider Report for Hamilton Insurance Group, Ltd. (HG)

Role
Chief Executive Officer
Signature
/s/ Gemma Carreiro, Attorney-in-Fact
Issuer symbol
HG
Transactions as of
05 Mar 2024
Transactions value $
$0
Form type
4
Filing time
07 Mar 2024, 20:24:54 UTC
Previous filing
05 Mar 2024
Next filing
13 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HG Class B Common Shares Options Exercise +23.5K +5.02% 491K 05 Mar 2024 Direct F1
transaction HG Class B Common Shares Award +123K +25.11% 614K 05 Mar 2024 Direct F2
holding HG Class B Common Shares 219K 05 Mar 2024 By The Albo 2018 LLC

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HG 2021 LTIP - Performance Stock Units Options Exercise $0 -23.5K -100% $0.00* 0 05 Mar 2024 Class B Common Shares 23.5K Direct F1
transaction HG 2024 LTIP - Performance Stock Units Award $0 +123K $0.00 123K 05 Mar 2024 Class B Common Shares 123K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 30, 2021, the reporting person was granted 73,605 performance stock units ("PSUs") that could be earned based on our annualized underwriting return on capital for the 3-year performance period ending on December 31, 2023. Each PSU represented a contingent right to receive one Class B common share.
F2 On March 5, 2024, the reporting person was granted 123,276 restricted stock units ("RSUs") that vest one-third per year on January 1, 2025, 2026 and 2027, respectively. Each RSU represents the right to receive one Class B common share. The number reported here reflects the RSUs outstanding subject to future vesting.
F3 On March 5, 2024, the reporting person was granted 123,276 PSUs that are earned based on two equally-weighted performance measures: (i) Return on Equity and (ii) Book Value per Share growth, both measured on an absolute basis, for the 3-year performance period ending on December 31, 2026. Each PSU represents a contingent right to receive one Class B common share. 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 the performance target during the performance period.