Investors Title (ITIC) director gains 212 shares through SAR exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Investors Title Company director Elton C. Parker Jr. reported compensation-related equity activity. He exercised stock appreciation rights covering 212 shares of common stock at an exercise price of $162.29 per share, and received 212 shares of common stock. Following these transactions, he directly holds 3,212 common shares, reflecting an increase in his equity stake through awards rather than open-market purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
212 shares exercised/converted
Mixed
2 txns
Insider
Parker, Jr. Elton C.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights | 212 | $0.00 | -- |
| Grant/Award | Common Stock | 212 | $162.29 | $34K |
Holdings After Transaction:
Stock Appreciation Rights — 0 shares (Direct);
Common Stock — 3,212 shares (Direct)
Footnotes (1)
FAQ
What did Investors Title (ITIC) director Elton C. Parker Jr. report on this Form 4?
Elton C. Parker Jr. reported exercising stock appreciation rights and receiving 212 shares of Investors Title common stock. These transactions are compensation-related awards rather than open-market trades, increasing his direct ownership position reported in the filing.
What happens to the stock appreciation rights reported by Investors Title (ITIC) director?
The stock appreciation rights covering 212 underlying shares were exercised and converted into common stock. After this exercise, the derivative position shows zero remaining shares, indicating those rights were fully used and now reflected as directly owned common stock.
Were the Investors Title (ITIC) Form 4 transactions open-market buys or sells?
The reported transactions were not open-market buys or sells. They consist of an exercise of stock appreciation rights and a related grant or acquisition of 212 common shares, categorized as compensation-related awards rather than market purchases or sales.