Gravelle Michael L 4

What Happened
Michael L. Gravelle, EVP, General Counsel and Corporate Secretary of Cannae Holdings (CNNE), was granted 20,765 restricted shares on March 9, 2026. The shares were acquired at $0.00 (an award/grant), so there was no cash exchanged at grant; reported acquisition value on Form 4 = $0.

Key Details

• Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (appears timely).
• Transaction type/code: Award/Grant (A).
• Shares granted: 20,765; acquisition price reported $0.00; reported total $0 (grant, not cash purchase).
• Shares owned after transaction: not specified in the excerpt of the filing.
• Footnote: Grant consists of restricted stock vesting in three equal annual installments beginning March 9, 2027.
• No indication of a 10b5-1 plan, tax withholding, or immediate sale in this filing.

Context
This was a compensation-related restricted stock grant, not an open-market purchase or sale. Restricted shares typically vest over time (here, three annual installments), so the award does not represent immediate liquidity or sale activity. The economic value to the insider depends on Cannae’s future stock price at each vesting date.