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Director at Investors Title (NASDAQ: ITIC) granted 750 stock appreciation rights

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

INVESTORS TITLE CO director receives stock-based award. Director Joseph B. Dempster Jr. was granted 750 Stock Appreciation Rights on May 20, 2026. Each right is tied to one share of common stock with a conversion price of $238.06 per share and expires on May 20, 2033.

Positive

  • None.

Negative

  • None.
Insider Dempster Joseph B. Jr.
Role null
Type Security Shares Price Value
Grant/Award Stock Appreciation Rights 750 $0.00 --
Holdings After Transaction: Stock Appreciation Rights — 0 shares (Direct, null)
Footnotes (1)
Stock Appreciation Rights granted 750 rights Grant to director on May 20, 2026
Underlying common shares 750 shares Each right tied to one common share
Conversion price <money>$238.06</money> per share Exercise/conversion price for the rights
Exercise date <date>June 30, 2026</date> Date rights become exercisable
Expiration date <date>May 20, 2033</date> Rights expire if not exercised
Stock Appreciation Rights financial
"Director Joseph B. Dempster Jr. was granted 750 Stock Appreciation Rights on May 20, 2026."
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
conversion or exercise price financial
"Each right is tied to one share of common stock with a conversion or exercise price of $238.06 per share."
derivative financial
"The transaction is classified as a derivative transaction involving Stock Appreciation Rights."
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
underlying security financial
"The underlying security title is Common Stock with 750 underlying shares."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Dempster Joseph B. Jr.
(Last)(First)(Middle)
121 N. COLUMBIA STREET
P O DRAWER 2687
(Street)
CHAPEL HILL NORTH CAROLINA 27514
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
INVESTORS TITLE CO [ ITIC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Appreciation Rights$238.0605/20/202605/20/2026A75006/30/202605/20/2033Common Stock750$00D
Explanation of Responses:
Remarks:
Timothy Rodgers by POA from Joseph B. Dempster, Jr.05/21/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did INVESTORS TITLE CO (ITIC) report for Joseph B. Dempster Jr.?

INVESTORS TITLE CO reported that director Joseph B. Dempster Jr. received 750 Stock Appreciation Rights on May 20, 2026. These derivative awards are tied to the company’s common stock and reflect compensation, not an open-market share purchase or sale.

How many Stock Appreciation Rights were granted to the ITIC director?

The director received 750 Stock Appreciation Rights. Each right is linked to one share of INVESTORS TITLE CO common stock, giving upside exposure based on the stock’s performance above the specified conversion price over the award’s life.

What is the conversion price for the ITIC Stock Appreciation Rights grant?

The Stock Appreciation Rights have a conversion or exercise price of $238.06 per underlying common share. This price is the baseline above which the value of the rights is measured during their term as part of the compensation structure.

When do the granted Stock Appreciation Rights for ITIC become exercisable and when do they expire?

The Stock Appreciation Rights become exercisable on June 30, 2026 and expire on May 20, 2033. This provides nearly seven years during which the director can benefit if the common stock trades above the $238.06 conversion price.

Did the ITIC director buy or sell common stock in this Form 4 filing?

No common stock was directly bought or sold in this filing. Instead, the director acquired 750 Stock Appreciation Rights as a grant, a derivative compensation award linked to future stock performance rather than an immediate market trade.