Rable Brad 4

What Happened

• Brad Rable, Group President of Stewart Information Services Corp. (STC), had restricted stock units (RSUs) convert into 5,567 shares on March 8, 2026. To cover tax withholding, 1,357 of those shares were surrendered (disposed) at $67.00 per share, totaling $90,919. The net result was 4,210 shares added to his holdings.
• These transactions are reported as derivative exercises/conversions (code M) for the RSU vesting and tax withholding (code F) for the shares surrendered.

Key Details

• Transaction date: March 8, 2026; Form filed March 10, 2026 (filed on schedule within the typical 2-business-day window).
• Shares converted (vested): 4,555 and 1,012 = 5,567 total.
• Shares withheld for taxes: 1,110 + 247 = 1,357 shares; withholding price reported at $67.00/share → $74,370 + $16,549 = $90,919 total.
• Net shares retained after withholding: 4,210 (5,567 − 1,357).
• Footnotes: RSUs represent contingent rights to one share each; some RSUs vested in three equal annual installments (Mar 8, 2024/2025/2026) and others vested in full on Mar 8, 2026.
• Transaction codes: M = exercise/conversion of a derivative (RSU conversion); F = payment of exercise price or tax liability (share withholding).

Context

• This was not an open-market sale for cash but routine RSU vesting with shares withheld to satisfy tax obligations (a cashless/withholding settlement). Such withholding is commonly used by companies and does not by itself signal a deliberate sell decision by the insider.
• No information on total post-transaction beneficial ownership was provided in the excerpt.