Hisey David C 4
Research Summary
AI-generated summary
Stewart Information (STC) CFO David Hisey Exercises RSUs, Sells Shares
What Happened
David C. Hisey, Chief Financial Officer of Stewart Information Services Corp (STC), had restricted stock units (RSUs) vest and converted into 18,418 shares on March 8, 2026. To cover tax withholding, 7,426 of those shares were surrendered/withheld at $67.00 per share, producing approximately $497,542 in proceeds. The net shares delivered to Hisey after withholding were 10,992.
Key Details
- Transaction date: March 8, 2026; Form 4 filed March 10, 2026 (appears timely).
- Conversion/exercise codes: M = exercise/conversion of derivative (RSUs converted to common stock).
- Tax/payment code: F = shares withheld to satisfy tax liability (5,915 shares -> $396,305; 1,511 shares -> $101,237; total $497,542).
- Number of shares converted: 15,069 + 3,349 = 18,418 shares.
- Shares withheld for taxes: 5,915 + 1,511 = 7,426 shares at $67.00 each.
- Net shares delivered to insider: 18,418 − 7,426 = 10,992 shares.
- Footnotes: F1 = each RSU equals one share; F2/F3 = RSUs vested (some vested in full on Mar 8, 2026; others completed final installment on that date).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
Context
This was a vesting/conversion of RSUs with portion withheld for taxes (common routine practice), not an open-market sale by the insider. The withholding is a tax payment mechanism, so it should not be read as a directional trade signal; purchases would generally be more indicative of insider bullishness.