Stewart Information (NYSE: STC) PAO exercises 1,345 RSUs, with 328 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STEWART INFORMATION SERVICES CORP principal accounting officer Brian Glaze exercised 1,345 restricted stock units into 1,345 shares of Common Stock on March 8, 2026. Of these shares, 328 were withheld at $67.00 per share to cover tax obligations, leaving him with 11,961 directly held shares. The restricted stock units vested in three equal annual installments through March 8, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,345 shares exercised/converted
Mixed
3 txns
Insider
Glaze Brian
Role
PAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,345 | $0.00 | -- |
| Exercise | Common Stock | 1,345 | $0.00 | -- |
| Tax Withholding | Common Stock | 328 | $67.00 | $22K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 12,289 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of STC Common Stock. 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 STC executive Brian Glaze report on this Form 4?
Brian Glaze reported exercising 1,345 restricted stock units into 1,345 shares of STC Common Stock. The transaction reflects the settlement of equity compensation rather than an open-market purchase or sale, tied to previously granted awards vesting over three years.
How were Brian Glaze’s STC restricted stock units structured and when did they vest?
Each restricted stock unit entitled Glaze to receive one share of STC Common Stock. The units vested in three equal annual installments on March 8, 2024, March 8, 2025, and March 8, 2026, aligning with a typical multi-year executive compensation schedule.
Does this STC Form 4 show any open-market buying or selling by Brian Glaze?
The Form 4 does not show open-market buying or selling. It reports an M-code derivative exercise of 1,345 restricted stock units and an F-code tax-withholding disposition of 328 shares, both standard equity compensation and tax-settlement events rather than discretionary market trades.
What does the M transaction code indicate in Brian Glaze’s STC Form 4?
The M code indicates an exercise or conversion of a derivative security, here restricted stock units, into 1,345 shares of STC Common Stock. This represents equity compensation settlement, not a cash purchase, and is part of his previously granted long-term incentive awards.