4/A: Stewart Information Services Corp: CFO David Hisey Corrects Stock Transaction Details in Amended SEC Filing

David Hisey, CFO of Stewart Information Services Corp, files an amended SEC Form 4 to correct the number of shares withheld due to an administrative error in a previous filing.

Summary

• David Hisey, the Chief Financial Officer of Stewart Information Services Corp (STC), filed an amended Form 4 with the SEC on March 20, 2025.
• This amendment corrects the number of shares withheld in a previous transaction reported on March 11, 2025, due to an administrative error.
• The transactions involve common stock and restricted stock units (RSUs), each representing a contingent right to receive one share of STC common stock.
• On March 8, 2025, Hisey acquired 3,349 shares through the vesting of RSUs and disposed of 1,009 shares to cover tax obligations at a price of $68.84.
• Following these transactions, Hisey directly owned 56,901 shares of common stock.
• On March 9, 2025, Hisey acquired 2,126 shares through the vesting of RSUs and disposed of 668 shares to cover tax obligations at a price of $68.84.
• Following these transactions, Hisey directly owned 58,359 shares of common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting an administrative error. It doesn't indicate any significant positive or negative developments for the company, but transparency is generally viewed favorably.

Management Comments

• The amendment to the previously filed Form 4 is being filed to correct the number of shares withheld, which were incorrectly calculated due to administrative error.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies, and the reporting requirements are standardized by the SEC.
• Companies like First American Financial Corporation (FAF) and Fidelity National Financial (FNF) also have executives who regularly report their stock transactions via Form 4 filings.
• The size and frequency of these transactions are generally related to the executive's compensation package and the company's stock performance.

Stakeholder Impact

• The correction of the administrative error ensures accurate reporting of insider transactions, which is important for maintaining investor confidence.

Key Dates

Keywords

SEC Filing, Form 4, Amendment, David Hisey, Stewart Information Services Corp, STC, CFO, Stock Transaction, Restricted Stock Units, RSU, Beneficial Ownership