Stewart Information (NYSE: STC) executive receives shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STEWART INFORMATION SERVICES CORP Group President Iain Martyn Bryant reported routine equity-compensation transactions involving restricted stock units and common shares. He exercised 1,071 restricted stock units into an equal number of common shares, reflecting an equity award that converts one-for-one into STC common stock.
In connection with this vesting, 261 common shares were disposed of at $67.58 per share to satisfy tax obligations, a non-market "tax-withholding" transaction. After these moves, Bryant directly holds 5,645 shares of common stock and 1,071 restricted stock units that continue to represent contingent rights to receive additional shares over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,071 shares exercised/converted
Mixed
3 txns
Insider
Bryant Iain Martyn
Role
Group President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,071 | $0.00 | -- |
| Exercise | Common Stock | 1,071 | $0.00 | -- |
| Tax Withholding | Common Stock | 261 | $67.58 | $18K |
Holdings After Transaction:
Restricted Stock Unit — 1,071 shares (Direct, null);
Common Stock — 5,906 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of STC Common Stock. The restricted stock units will vest in three equal annual installments on July 1, 2025, July 1, 2026, and July 1, 2027.
Key Figures
RSUs exercised: 1,071 shares
Tax-withholding shares: 261 shares at $67.58
Common shares held after: 5,645 shares
+2 more
5 metrics
RSUs exercised
1,071 shares
Restricted stock units converted into common stock
Tax-withholding shares
261 shares at $67.58
Shares disposed to cover tax liability
Common shares held after
5,645 shares
Direct STC common stock ownership after transactions
RSUs remaining
1,071 units
Restricted stock units representing contingent rights to shares
Fair value reference
$67.58 per share
Price used for 261-share tax-withholding disposition
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative exercise/conversion, Group President
4 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of STC Common Stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Group President financial
"officer_title": "Group President""
A group president is a top executive responsible for overseeing the operations and strategic direction of a large organization or a major division within a company. Think of them as the person in charge of a whole team or department, similar to a head coach of a sports team, making key decisions to ensure the organization runs smoothly and achieves its goals. Investors pay attention because their leadership can influence the company's success and overall performance.
FAQ
What insider transactions did STC executive Iain Martyn Bryant report?
Iain Martyn Bryant reported exercising 1,071 restricted stock units into common stock and a related tax-withholding share disposition. These transactions reflect routine equity-compensation activity rather than open-market buying or selling of STEWART INFORMATION SERVICES CORP (STC) shares.
What does the 1,071 restricted stock units figure mean for STC’s Group President?
Each of Bryant’s 1,071 restricted stock units represents a contingent right to receive one STC common share. Footnotes explain these units vest in three equal annual installments, aligning his compensation with the company’s long-term performance and service requirements.
Are Bryant’s reported STC transactions open-market buys or sells?
No, the transactions are not open-market trades. The Form 4 identifies a derivative exercise/conversion of restricted stock units and a tax-withholding disposition. These are compensation-related events rather than discretionary purchases or sales in the open market.