EPPINGER FREDERICK H 4

What Happened

• Frederick H. Eppinger, CEO of Stewart Information Services Corp. (STC), exercised derivative awards converting 17,006 units into common shares on March 26, 2026. To cover tax withholding, 8,224 of those shares were surrendered/withheld, valued at $59.38 each for total withholding of $488,341. The filing also reports awards of restricted stock units (RSUs) totaling 77,802 shares (two grants of 38,901 each), recorded as acquisitions at $0.00 per share (RSU awards).

Key Details

• Transaction date: March 26, 2026; Form 4 filed March 27, 2026 (timely).
• Exercise/conversion: 17,006 derivative units converted to shares (two exercises: 6,753 and 10,253).
• Tax withholding (disposals): 3,266 shares ($193,935) and 4,958 shares ($294,406) at $59.38 per share; total withheld = 8,224 shares (~$488,341).
• Awards: Two grants of 38,901 RSUs each (total 77,802 RSUs) recorded as acquired at $0.00.
• Footnotes: F1 = each RSU represents the right to one share. Vesting schedules are staggered across 2025–2029 per filing footnotes (see F2–F5). The withholding entries indicate a net/settlement-style exercise to satisfy tax obligations.
• Shares owned after the transactions are not specified in the provided excerpt.

Context

• This appears to be an option/derivative exercise combined with net share settlement for tax withholding (shares retained/surrendered rather than a cash payment), plus new RSU awards with multi-year vesting. RSU grants vest over future dates and do not represent immediate open-market purchases or sales. These routine filings document compensation-related equity activity rather than an open-market buy or sell signaling an investment stance.