Venkatanarayanan Krishnamoorthy - Feb 26, 2025 Form 4/A - Amendment Insider Report for Hamilton Insurance Group, Ltd. (HG)

Role
Group CTO and Group CDO
Signature
s/ Gemma Carreiro, Attorney-in-Fact
Stock symbol
HG
Transactions as of
Feb 26, 2025
Transactions value $
-$40,392
Form type
4/A - Amendment
Date filed
3/4/2025, 07:47 PM
Date Of Original Report
Feb 26, 2025
Previous filing
Jan 3, 2025
Next filing
Mar 4, 2025
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 Award $0 +7.32K +10.51% $0.00 77K Feb 26, 2025 Direct F1
transaction HG Class B Common Shares Award $0 +10.7K +13.86% $0.00 87.6K Feb 26, 2025 Direct F2
transaction HG Class B Common Shares Tax liability -$40.4K -2.19K -2.5% $18.41 85.4K Feb 26, 2025 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction involved the reporting person's receipt of a grant of 7,320 restricted stock units ("RSUs") under the Hamilton Insurance Group, Ltd. ("HG") Equity Incentive Plan which vest one third per year on March 1, 2026, 2027 and 2028 respectively. Each RSU represents a contingent right to receive one share of HG Class B Common Shares upon vesting. On February 28, 2025, the reporting person filed a Form 4 which incorrectly stated the number of RSUs and common shares owned. This amendment on Form 4/A is being filed to correct the total number of shares reported in Column 5. The corrected total reported in Column 5 includes the 7,320 newly awarded and unvested RSUs, 37,501 unvested RSUs previously reported in Table I and Table II and 32,152 Common Shares.
F2 Represents shares acquired upon the certification by HG for the satisfaction of performance criteria underlying an award of performance stock units ("PSUs") previously granted to the reporting person under the terms of the HG Equity Incentive Plan. The reporting person's PSUs are earned based on the HG annualized underwriting return on capital for the 3-year performance period ending on December 31, 2024. HG confirmed the annualized underwriting return on capital for the 3-year performance period ending on December 31, 2024, was 6.1%, resulting in a performance payout at 146.4% of target.
F3 Represents shares withheld to satisfy tax obligations arising out of the vesting of the Reporting Person's PSUs.
F4 Represents the value of the shares used to determine the number of shares to be retained by the issuer to satisfy the tax withholding obligations.