Bryant Iain Martyn 4
Research Summary
AI-generated summary
STC Group President Bryant Martyn Receives RSU Award, Withholds Shares
What Happened
- Bryant Iain Martyn, Group President of Stewart Information Services Corp (STC), received stock awards and converted derivative securities on 2026-03-26. The filing shows two grants of 3,486 restricted stock units (RSUs) each (total 6,972 RSUs, granted at $0), and conversions/exercises of 303 and 734 derivative shares (total 1,037 shares).
- To cover tax withholding/obligations, 74 shares and 179 shares were surrendered at $59.38 per share, totaling $4,394 and $10,629 respectively (combined tax withholding ≈ $15,023). The derivative conversions and RSU awards are not open-market sales; the withheld shares are routine to satisfy tax liabilities.
Key Details
- Transaction date: 2026-03-26; Form 4 filed 2026-03-27 (timely).
- Derivative exercises/conversions (code M): 303 shares and 734 shares (total 1,037).
- Tax withholding (code F): 74 shares ($59.38 → $4,394) and 179 shares ($59.38 → $10,629); total withheld 253 shares (~$15,023).
- Grants/awards (code A): two awards of 3,486 RSUs each (total 6,972 RSUs), valued at $0 in the grant line (these are contingent awards).
- Shares owned after transaction: not specified in the excerpt provided.
- Footnotes: F1–F5 explain RSU mechanics and staggered vesting: some RSUs vest in three equal annual installments beginning in 2025 or 2026, others begin vesting in 2027, and one award vests in full on March 26, 2029.
Context
- The filing reflects award grants and conversions with tax-withholding surrender — a common, administrative outcome when RSUs/options vest or are converted. This is not an open-market sale by the insider and should not be interpreted as a directional trade signal.
- Transaction codes: M = exercise/conversion of derivative security; F = payment of exercise price or tax liability (share withholding); A = award/grant.
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