Rable Brad 4

What Happened

• Brad Rable, Group President of Stewart Information Services Corp (STC), had restricted stock units (RSUs) convert to common shares on March 26, 2026. Two conversions totaled 2,047 RSUs (1,255 and 792). The company withheld 499 shares to cover tax withholding (306 and 193 shares) at $59.38 per share, totaling $29,630. After withholding, Rable received a net 1,548 shares.
• On the same date he was granted an additional 6,012 RSUs (award), which are derivative awards and subject to future vesting (no immediate cash value).

Key Details

• Transaction date: 2026-03-26; filing date: 2026-03-27 (timely filing).
• Withheld shares: 499 withheld at $59.38/share for taxes; total tax withholding = $29,630 (reported as two dispositions of 306 and 193 shares).
• Conversions: 1,255 and 792 RSUs converted to common shares (total 2,047). Net shares delivered to insider after withholding = 1,548.
• Grant: 6,012 RSUs awarded (derivative, $0 purchase price) — subject to vesting.
• Footnotes: Each RSU represents the right to one share. Vesting schedules in the filing vary: some grants vest in three equal annual installments (schedules beginning in 2025, 2026, or 2027 as noted in footnotes).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• These transactions reflect RSU vesting/conversion and a new RSU award, not an open-market buy or sale for cash. The withheld shares are routine tax withholding (transaction code F) rather than a market sale.
• Codes: M = exercise/conversion of derivative (vesting/conversion of RSUs), F = payment of tax liability via share withholding, A = grant/award of RSUs.
• Newly granted RSUs are derivative awards that vest over time; they do not represent immediate, freely tradable shares.