Glaze Brian 4
Research Summary
AI-generated summary
Stewart Information (STC) PAO Brian Glaze Exercises RSUs, Sells Shares
What Happened
- Brian Glaze (PAO) had restricted stock units (RSUs) vest and converted into 1,345 shares of Stewart Information Services Corp. on 2026-03-08. To satisfy tax withholding obligations, 328 of those shares were surrendered/withheld at $67.00 per share, generating $21,976. The RSU conversion shows $0 cash exercise price for the derivative portion.
Key Details
- Transaction date: 2026-03-08; Form 4 filed 2026-03-10.
- Conversion: 1,345 RSUs converted to common shares (derivative exercise, code M), exercise price shown as $0.00.
- Tax withholding: 328 shares withheld/disposed at $67.00 each, total $21,976 (code F).
- Shares owned after the transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 — each RSU equals a right to one share; F2 — the RSUs vested in three equal annual installments on 3/8/2024, 3/8/2025, and 3/8/2026.
- Filing timeliness: Form filed two days after the transaction date; no late-filing note indicated in the provided data.
Context
- This was primarily a routine vesting/conversion of RSUs with a sell-to-cover (tax withholding) for taxes, not an open-market sale or purchase signaling a directional trade. For retail investors, vesting events are common compensation mechanics and do not necessarily indicate insider sentiment about the stock.