Stewart Information (NYSE: STC) PAO expands equity stake via RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stewart Information Services Corp principal accounting officer Brian Glaze reported equity compensation activity involving restricted stock units and common stock. He exercised 925 and 826 restricted stock units into the same number of common shares and received a new grant of 3,046 restricted stock units, each representing one share of common stock. To cover tax obligations, 226 and 202 common shares were withheld at a price of 59.3800 per share. Following these transactions, he directly holds 13,284 shares of common stock and 3,046 restricted stock units that vest in installments from 2025 through 2028. No open-market purchases or sales were reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,751 shares exercised/converted
Mixed
7 txns
Insider
Glaze Brian
Role
PAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 925 | $0.00 | -- |
| Exercise | Restricted Stock Units | 826 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3,046 | $0.00 | -- |
| Exercise | Common Stock | 925 | $0.00 | -- |
| Tax Withholding | Common Stock | 226 | $59.38 | $13K |
| Exercise | Common Stock | 826 | $0.00 | -- |
| Tax Withholding | Common Stock | 202 | $59.38 | $12K |
Holdings After Transaction:
Restricted Stock Unit — 925 shares (Direct);
Restricted Stock Units — 1,654 shares (Direct);
Common Stock — 12,886 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of STC Common Stock. The restricted stock units vest in three equal annual installments on March 26, 2025, March 26, 2026, and March 26, 2027. The restricted stock units vest in three equal annual installments on March 26, 2026, March 26, 2027, and March 26, 2028. The restricted stock units will vest in three equal annual installments beginning March 26, 2027.
FAQ
What insider transactions did STC officer Brian Glaze report on this Form 4?
Brian Glaze reported exercising restricted stock units into 1,751 shares of Stewart Information Services common stock and receiving a new grant of 3,046 restricted stock units. The filing also shows shares withheld to satisfy taxes, with no open-market purchases or sales disclosed.
Were there any open-market buys or sells in STC stock by Brian Glaze?
No open-market buys or sells were reported. The Form 4 shows derivative exercises of restricted stock units into common stock and a grant of additional restricted stock units. It also records shares withheld at a stated price solely to satisfy tax obligations upon vesting or settlement.
What restricted stock unit grant did STC’s Brian Glaze receive in this Form 4?
Brian Glaze received a grant of 3,046 restricted stock units, each representing a contingent right to one share of Stewart Information Services common stock. According to the footnotes, these units will vest in three equal annual installments beginning on March 26, 2027, subject to continued service.
How were taxes handled on Brian Glaze’s STC equity transactions?
To satisfy tax obligations, 226 and 202 Stewart Information Services common shares were withheld at a price of $59.38 per share. These are coded as tax-withholding dispositions, meaning shares were delivered to cover taxes rather than sold in the open market for investment purposes.
When do Brian Glaze’s STC restricted stock units vest?
The footnotes state certain restricted stock units vest in three equal annual installments on March 26, 2025, 2026, and 2027, while another tranche vests on March 26, 2026, 2027, and 2028. The newest 3,046-unit grant vests in three equal annual installments beginning March 26, 2027.