Form 4: Investors Title Co Director Exercises Stock Appreciation Rights
SEC Form 4
Richard M. Hutson II, a director of Investors Title Co, exercised stock appreciation rights and acquired common stock on August 9, 2024.
Summary
- On August 9, 2024, Richard M. Hutson II, a director of Investors Title Co, exercised stock appreciation rights.
- This involved the acquisition of 63 shares of common stock at $188.71 and 157 shares at $162.81.
- Following these transactions, Hutson directly owns 4,686 shares of common stock.
- The transactions were executed on August 9, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions by a company director.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend in the title insurance industry.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 06/30/2018 | Date exercisable for Stock Appreciation Right at $188.71 |
| 06/30/2019 | Date exercisable for Stock Appreciation Right at $162.81 |
| 08/09/2024 | Transaction date for exercising stock appreciation rights and acquiring common stock |
| 08/12/2024 | Date of signature by POA |
| 05/15/2026 | Expiration date for Stock Appreciation Right at $162.81 |
| 05/16/2025 | Expiration date for Stock Appreciation Right at $188.71 |
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