Stewart (NYSE: STC) CEO exercises RSUs and receives new long-term awards
Rhea-AI Filing Summary
STEWART INFORMATION SERVICES CORP Chief Executive Officer Frederick H. Eppinger reported compensation-related equity activity involving restricted stock units and common shares. He exercised restricted stock units into a total of 17,006 shares of common stock and had 8,224 shares withheld at $59.38 per share to cover tax obligations. Following these transactions, he directly owned 170,675 shares of common stock. He also received new awards of restricted stock units, including grants of 38,901 units that vest in equal annual installments beginning on March 26, 2027 and another 38,901 units that vest in full as of March 26, 2029. Earlier awards vest annually on dates from March 26, 2025 through March 26, 2028, aligning his compensation with longer-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,753 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 10,253 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 38,901 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 38,901 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,753 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,266 | $59.38 | $194K |
| Exercise | Common Stock | 10,253 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,958 | $59.38 | $294K |
Footnotes (5)
- F1. Each restricted stock unit represents a contingent right to receive one share of STC Common Stock.
- F2. The restricted stock units vest in three equal annual installments on March 26, 2025, March 26, 2026, and March 26, 2027.
- F3. The restricted stock units vest in three equal annual installments on March 26, 2026, March 26, 2027, and March 26, 2028.
- F4. The restricted stock units will vest in three equal annual installments beginning March 26, 2027.
- F5. The restricted stock units will vest in full as of March 26, 2029.
FAQ
What did STC CEO Frederick H. Eppinger report in this Form 4?
Were any of the STC CEO’s transactions open-market stock sales or purchases?
What new restricted stock unit awards did the STC CEO receive?
How do the STC CEO’s existing restricted stock units vest over time?
What is a restricted stock unit in the context of STC’s equity awards?
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