Form 4: Stewart Information Services CFO David Hisey Reports Stock Transactions
SEC Form 4 Filing
David Hisey, CFO of Stewart Information Services Corp, reports multiple transactions involving common stock and restricted stock units from March 8-10, 2024.
Summary
- David Hisey, the Chief Financial Officer of Stewart Information Services Corp, filed a Form 4 detailing changes in beneficial ownership.
- The transactions occurred between March 8, 2024, and March 10, 2024.
- Hisey acquired common stock through the vesting of restricted stock units.
- He also disposed of shares to cover tax obligations related to the vesting of these units.
- The price for the disposed shares was $61.27.
- Following these transactions, Hisey directly owns 68,566 shares of Stewart Information Services Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive, indicating a neutral sentiment.
Industry Context
Form 4 filings are routine and provide transparency into the trading activities of company insiders, which can be informative to investors.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of company leadership.
- The transactions have no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of earliest transaction reported. |
| 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 | Restricted stock units vested in full on March 9, 2024. |
| 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 last transaction reported. |
| 03/12/2024 | Date of signature on the Form 4. |
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