Insider at Stewart (NYSE: STC) exercises RSUs and covers taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stewart Information Services Group President Erinlea Sheckler exercised 1,794 restricted stock units into common stock. Each unit converts into one STC share, and the RSUs vested in three equal annual installments on March 8, 2024, 2025, and 2026. To cover tax obligations, 451 common shares were withheld at $67 per share.
After these compensation-related transactions, Sheckler holds 8,244 shares of STC common stock directly, including 275 shares acquired through the company’s employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,794 shares exercised/converted
Mixed
3 txns
Insider
Sheckler Erinlea
Role
Group President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,794 | $0.00 | -- |
| Exercise | Common Stock | 1,794 | $0.00 | -- |
| Tax Withholding | Common Stock | 451 | $67.00 | $30K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 8,695 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of STC Common Stock. Includes 275 shares acquired through STC's Employee Stock Purchase Plan. The restricted stock units vested in three equal annual installments on March 8, 2024, March 8, 2025, and March 8, 2026.
FAQ
What insider transaction did Erinlea Sheckler report for STC on this Form 4?
Erinlea Sheckler reported exercising 1,794 restricted stock units into Stewart Information Services (STC) common stock. The filing also shows a related tax-withholding disposition of 451 common shares, reflecting shares delivered to satisfy tax obligations rather than an open-market sale.
How many restricted stock units did STC’s Group President exercise?
STC’s Group President Erinlea Sheckler exercised 1,794 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of STC common stock, and these units had vested in three equal annual installments on March 8, 2024, March 8, 2025, and March 8, 2026.
How did Erinlea Sheckler’s restricted stock units at STC vest over time?
The restricted stock units vested in three equal annual installments on March 8, 2024, March 8, 2025, and March 8, 2026. Once vested, each restricted stock unit represented a contingent right to receive one share of Stewart Information Services (STC) common stock, enabling the reported exercise.
What does the Form 4 say about Erinlea Sheckler’s participation in STC’s employee stock purchase plan?
The Form 4 footnotes state that Sheckler’s direct holdings include 275 shares acquired through Stewart Information Services’ Employee Stock Purchase Plan. This indicates part of her 8,244 directly held STC shares came from voluntary employee share purchases rather than only equity awards.