Form 4: Stewart Information Services CEO Frederick Eppinger Reports Stock Transactions
SEC Form 4
CEO Frederick Eppinger reports multiple transactions involving Stewart Information Services Corp. (STC) common stock and restricted stock units.
Summary
- On March 8, 2024, Frederick Eppinger exercised 6,991 restricted stock units and disposed of 3,354 shares of common stock to cover tax obligations at a price of $61.27.
- Following these transactions, he directly owns 131,085 shares and then 127,731 shares of common stock.
- On March 9, 2024, Eppinger exercised 4,439 restricted stock units and disposed of 2,120 shares of common stock to cover tax obligations at a price of $61.27.
- Following these transactions, he directly owns 132,170 shares and then 130,050 shares of common stock.
- On March 10, 2024, Eppinger exercised 4,967 restricted stock units and disposed of 2,376 shares of common stock to cover tax obligations at a price of $61.27.
- Following these transactions, he directly owns 135,017 shares and then 132,641 shares of common stock.
- After these transactions, Eppinger directly owns 0 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased number of shares available in the market.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of first reported transaction: Exercise of restricted stock units and sale of common stock. |
| 03/08/2024 | Restricted stock units vest in three equal annual installments on March 8, 2024, March 8, 2025, and March 8, 2026. |
| 03/09/2023 | Restricted stock units vest in three equal annual installments on March 9, 2023, March 9, 2024, and March 9, 2025. |
| 03/09/2024 | Date of second reported transaction: Exercise of restricted stock units and sale of common stock. |
| 03/10/2022 | Restricted stock units vested in three equal annual installments on March 10, 2022, March 10, 2023, and March 10, 2024. |
| 03/10/2024 | Date of third reported transaction: Exercise of restricted stock units and sale of common stock. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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