Glaze Brian 4

What Happened

• Brian Glaze, PAO (principal accounting officer) of Stewart Information Services Corp. (STC), had 3,046 restricted stock units (RSUs) convert/vest into common shares on March 26, 2026. To cover tax withholding, 428 shares were surrendered (226 shares at $59.38 = $13,420; 202 shares at $59.38 = $11,995), totaling $25,415. Net shares delivered to Glaze = 3,046 − 428 = 2,618 shares.
• The Form 4 shows the RSU conversions reported as "exercise or conversion of derivative (M)" and the tax withholding reported as "payment of exercise price or tax liability (F)". These were not open‑market sales — the disposals reflect withholding to satisfy taxes, a routine administrative step.

Key Details

• Transaction date: March 26, 2026; Form 4 filed March 27, 2026 (timely).
• RSUs converted/vested: 3,046 shares; shares withheld for taxes: 428; withholding price: $59.38/share; withholding total: $25,415.
• Net shares received by insider: 2,618.
• Footnotes: F1 clarifies each RSU converts to one share; F2–F4 indicate the RSUs are subject to staggered vesting schedules (annual installments across 2025–2028 depending on the grant).
• No sale in the open market was reported; the disposals are tax withholding (transaction code F).
• Shares owned after the transaction are not provided in the summary data here.

Context

• This is a common equity-compensation event: RSUs vested/converted to shares and the company withheld shares to cover the tax obligation (a cashless-withholding routine). Such withholding transactions are administrative and do not by themselves indicate insider buying or selling sentiment.