Giddens Elizabeth 4

What Happened

• Elizabeth Giddens, Chief Legal Officer and Secretary of Stewart Information Services Corp (STC), reported derivative exercises and awards on 2026-03-26. She exercised/converted 1,969 derivative units (1,040 + 929) and was granted a total of 7,014 restricted stock units (two grants of 3,507 each). To cover tax obligations, 481 shares were withheld (254 + 227) at $59.38 per share, totaling $28,562.

Key Details

• Transaction date: March 26, 2026; Form 4 filed March 27, 2026 (no late filing flag indicated).
• Exercised/converted derivatives: 1,040 and 929 shares (total 1,969).
• Restricted stock units granted: 3,507 + 3,507 = 7,014 RSUs (derivative awards).
• Tax withholding: 481 shares withheld at $59.38/share for $28,562 (codes F = tax/payment withholding).
• Disposition entries showing $0 for some derivative lines reflect the conversion/settlement of the derivative awards (code M = exercise/conversion).
• Shares owned after the transactions: not disclosed in the filing.
• Footnotes on vesting and award terms:
  • F1: Each RSU converts to one share of STC common stock.
  • F2: One RSU grant vests in three equal annual installments on 3/26/2025, 3/26/2026, and 3/26/2027.
  • F3: One RSU grant vests in three equal annual installments on 3/26/2026, 3/26/2027, and 3/26/2028.
  • F4: One RSU grant vests in three equal annual installments beginning 3/26/2027.
  • F5: One RSU grant vests in full on 3/26/2029.

Context

• The filing combines derivative exercises (M) with tax-withholding share disposals (F). The withheld shares are a routine method to satisfy tax liabilities and are not an open-market sale. The transactions represent acquisition of equity-linked awards (RSUs and converted derivatives) rather than a cash purchase on the open market.