Kain Emily 4
Research Summary
AI-generated summary
STC CHRO Emily Kain Exercises RSUs; Surrenders Shares for Taxes
What Happened
- Emily Kain, Chief Human Resource Officer of Stewart Information Services Corp (STC), had restricted stock units (RSUs) convert into 1,545 shares on March 26, 2026 (two conversions: 865 and 680 shares). To satisfy tax withholding, she surrendered 211 shares and 166 shares (total 377 shares) at $59.38 per share, producing cash of $12,529 and $9,857 respectively (total $22,386). The RSU conversions show $0 exercise price (typical for RSU vesting). The filing also reports two RSU awards of 2,593 units each (derivative awards) granted/recorded the same date.
Key Details
- Transaction date: March 26, 2026; Form 4 filed March 27, 2026 (timely filing).
- Conversions: 865 and 680 RSUs converted to common stock (code M); withholding dispositions: 211 and 166 shares at $59.38 each (code F) — total withholding cash ≈ $22,386.
- Net shares delivered to insider (after withholding): 1,545 converted − 377 withheld = 1,168 net shares.
- New awards: two entries of 2,593 RSUs reported as grants/awards (code A) with $0.00 reported value (derivative RSUs).
- Footnotes: F1 = each RSU converts to one common share. F2–F5 = varying vesting schedules across awards (annual installments and multi‑year vesting through 2029).
- Shares owned after transaction: not provided in the supplied excerpt.
Context
- This was a routine RSU vesting and share‑withholding to pay taxes (a sell‑to‑cover), not an open‑market sale — typically not interpreted as a directional buy/sell signal. The derivative entries reflect RSU conversions/grants rather than option purchases; exercise price shown as $0 is standard for RSUs. No 10%‑owner issues or 10b5‑1 plan was indicated in the provided data.
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