Form 4: Investors Title Co Director Acquires Stock Appreciation Rights
SEC Form 4
Richard M. Hutson II, a director of Investors Title Co, acquired 750 stock appreciation rights at a price of $160.94 on May 15, 2024.
Summary
- On May 15, 2024, Richard M. Hutson II, a director of Investors Title Co, acquired 750 stock appreciation rights.
- The price of each stock appreciation right was $160.94.
- These rights are exercisable from June 30, 2024, and expire on May 15, 2031.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction, which is neither inherently positive nor negative.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in the financial industry. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction provides shareholders with insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Richard M. Hutson II acquired 750 stock appreciation rights. |
| 05/15/2024 | Date of transaction: Richard M. Hutson II disposed of 750 stock appreciation rights. |
| 05/16/2024 | Date of signature on the report. |
| 06/30/2024 | Date the Stock Appreciation Rights become exercisable. |
| 05/15/2031 | Expiration date of the Stock Appreciation Rights. |
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