Sheckler Erinlea 4
Research Summary
AI-generated summary
STC Group President Erinlea Sheckler Vests 1,794 RSUs
What Happened
- Erinlea Sheckler, Group President of Stewart Information Services Corp (STC), had 1,794 restricted stock units (RSUs) convert into common shares on March 8, 2026.
- To cover tax withholding, 451 of those shares were surrendered (disposed) at $67.00 per share for a total of $30,217. Net shares retained from this vesting were 1,343 shares (1,794 vested − 451 withheld).
- This was an award/vesting event (not an open-market purchase or an independent sale).
Key Details
- Transaction date: March 8, 2026.
- Vesting/conversion: 1,794 RSUs converted into 1,794 shares (reported as derivative conversion).
- Tax withholding: 451 shares withheld at $67.00/share = $30,217 (reported as disposed to satisfy tax liability).
- Net shares received: 1,343 shares after withholding (calculated from the filing activity).
- Reported holdings note: filing indicates reported holdings include 275 shares acquired through STC's Employee Stock Purchase Plan.
- Footnotes: Each RSU represents a right to one share; these RSUs vested in three equal annual installments on March 8, 2024, 2025 and 2026.
- Filing timeliness: not indicated in the provided excerpt.
Context
- This was a routine vesting of RSUs with shares withheld to cover taxes (a common practice). Such withholding is an administrative disposition and does not necessarily signal insider sentiment about the stock.
- The transaction is an award conversion rather than a market buy or voluntary sale; purchases generally carry more informational weight for investors, while vesting/withholding is usually standard compensation processing.