Director at Investors Title (NASDAQ: ITIC) granted 750 Stock Appreciation Rights

Rhea-AI Filing Summary

Investors Title Co director Elton C. Parker Jr. received a grant of Stock Appreciation Rights tied to the company’s common stock. The award covers 750 underlying shares at an exercise price of $238.06 per share and is scheduled to expire on May 20, 2033. This is a compensation-related, non-market transaction with no open-market buying or selling reported.

Insights

Equity compensation analyst

Director receives routine equity-based compensation, not an open-market trade.

Elton C. Parker Jr., a director of Investors Title Co, was granted Stock Appreciation Rights over 750 shares of common stock at an exercise price of $238.06 per share. These rights expire on May 20, 2033, giving long-dated equity-linked exposure.

This award is coded as a grant/award acquisition and carries a transaction price of $0.00, indicating it is compensation rather than a purchase. No open-market buying or selling is shown, and derivativeSummary is empty, suggesting no additional derivative positions are listed in this filing.

Such grants are typically part of ongoing director compensation programs and usually have limited signaling value compared with discretionary open-market trades. Future company filings may provide additional detail on vesting conditions or subsequent exercises of these rights.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Parker, Jr. Elton C.

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)

Key Figures

Stock Appreciation Rights granted: 750 rights Exercise price: $238.06 per share Underlying common shares: 750 shares +2 more

5 metrics

Stock Appreciation Rights granted 750 rights Grant to director on May 20, 2026

Exercise price $238.06 per share Conversion/exercise price for Stock Appreciation Rights

Underlying common shares 750 shares Common stock underlying the Stock Appreciation Rights

Expiration date May 20, 2033 Stock Appreciation Rights expiration

Transaction price per right $0.00 Indicates grant as compensation, not a purchase

Key Terms

Stock Appreciation Rights, exercise price, underlying security, expiration date

4 terms

Stock Appreciation Rights financial

"The award covers 750 underlying shares at an exercise price of $238.06 per share."

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.

exercise price financial

"The Stock Appreciation Rights have an exercise price of $238.06 per share."

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

underlying security financial

"The award covers 750 underlying shares of Investors Title Co common stock."

expiration date financial

"These rights expire on May 20, 2033, giving long-dated equity-linked exposure."

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Parker, Jr. Elton C.

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Rights	$238.06	05/20/2026	05/20/2026	A		750		06/30/2026	05/20/2033	Common Stock	750	$0	0	D

Explanation of Responses:

Remarks:

	Timothy Rodgers by POA from Elton C. Parker, Jr.	05/21/2026
	** Signature of Reporting Person	Date
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)

FAQ

What did Elton C. Parker Jr. report in this Investors Title Co (ITIC) Form 4?

Elton C. Parker Jr. reported receiving a grant of Stock Appreciation Rights over 750 shares of Investors Title Co common stock. The grant is equity compensation, not an open-market transaction, and therefore does not reflect a purchase or sale of existing shares in the market.

How many Stock Appreciation Rights did the Investors Title Co director receive?

The director received Stock Appreciation Rights covering 750 underlying shares of Investors Title Co common stock. This figure represents the number of shares used to calculate any future appreciation value that may be realized if the rights are exercised under their plan terms.

What is the exercise price of the Stock Appreciation Rights granted to the ITIC director?

The Stock Appreciation Rights have an exercise price of $238.06 per share. This price is the baseline against which future stock price appreciation is measured when determining any value the director may receive from exercising these rights before expiration.

When do the Stock Appreciation Rights granted to the Investors Title Co director expire?

The Stock Appreciation Rights are scheduled to expire on May 20, 2033. This expiration date defines the last day on which the director can exercise the rights, assuming all other plan conditions and any applicable vesting requirements are satisfied beforehand.

Did the Investors Title Co director buy or sell common stock in this Form 4 filing?

The filing shows no open-market buying or selling of common stock by the director. Instead, it reports a compensation-related grant of Stock Appreciation Rights, which is an equity-based award rather than a market purchase or sale of existing ITIC shares.