Investors Title (ITIC) director awarded 750 stock appreciation rights

Rhea-AI Filing Summary

Investors Title Co director James E. Scott received a grant of 750 Stock Appreciation Rights on May 20, 2026. Each right is tied to one share of common stock with an exercise price of $238.06, first exercisable on June 30, 2026, and expiring on May 20, 2033.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Scott James E

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 James E. Scott on May 20, 2026

Exercise price $238.06 per share Exercise price for the 750 Stock Appreciation Rights

Underlying common shares 750 shares Each Stock Appreciation Right corresponds to one common share

First exercise date June 30, 2026 Date the Stock Appreciation Rights become exercisable

Expiration date May 20, 2033 Final date to exercise the Stock Appreciation Rights

Key Terms

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

4 terms

Stock Appreciation Rights financial

"received a grant of 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.

underlying security financial

"underlying_security_title is listed as Common Stock for these rights"

exercise price financial

"an exercise price of $238.06 per underlying share applies"

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.

expiration date financial

"the rights carry an expiration date of May 20, 2033"

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^*

Scott James E

(Last) (First) (Middle)

121 NORTH COLUMBIA STREET

(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 James E. Scott	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 insider transaction did ITIC report for James E. Scott?

Investors Title Co reported that director James E. Scott received 750 Stock Appreciation Rights. These rights are derivative awards linked to the company’s common stock, granted as compensation rather than open-market purchases or sales of existing shares.

How many Stock Appreciation Rights were granted in the latest ITIC Form 4?

The Form 4 shows a grant of 750 Stock Appreciation Rights to director James E. Scott. Each right corresponds to one share of Investors Title Co common stock, creating potential future equity exposure tied to the company’s share price performance.

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

The Stock Appreciation Rights granted to James E. Scott have an exercise price of $238.06 per underlying share. This price is the reference level used to determine any future appreciation value that the rights may deliver upon exercise, subject to plan terms.

When can the newly granted ITIC Stock Appreciation Rights be exercised?

The filing lists an exercise date of June 30, 2026 for the 750 Stock Appreciation Rights. That date marks when the award first becomes exercisable under its terms, assuming all applicable conditions in the company’s equity plan are satisfied by the holder.

When do James E. Scott’s ITIC Stock Appreciation Rights expire?

The Stock Appreciation Rights granted to James E. Scott expire on May 20, 2033. If they are not exercised by that expiration date, they lapse and no longer provide economic value, according to the timelines stated in the Form 4 derivative transaction details.