Swed Ryan M. 4

What Happened

• Ryan M. Swed, Group President of Stewart Information Services (STC), had restricted stock units (RSUs) convert into a total of 3,643 underlying shares on March 26, 2026. To cover tax withholding, 1,049 of those shares were surrendered at $59.38 per share (proceeds equal $62,290), leaving an estimated net 2,594 shares retained.
• The filing also reports two RSU grants of 5,052 shares each (reported as derivative awards). The conversions and tax-withholding entries are routine compensation-related events rather than open-market purchases or voluntary sales.

Key Details

• Transaction date: March 26, 2026; Form 4 filed March 27, 2026 (timely).
• Conversion (exercise/conversion of derivative): 2,495 and 1,148 shares (total 3,643) converted to common stock.
• Tax withholding (dispositions coded F): 718 shares withheld for $42,635 and 331 shares withheld for $19,655 (combined 1,049 shares; $62,290) at $59.38/share.
• Net shares retained from the conversion: 3,643 − 1,049 = 2,594 shares.
• New awards reported: two grants of 5,052 RSUs each (total 10,104 RSUs) — these are derivative awards with varying vesting schedules noted in the filing.
• Footnotes summary: F1 = each RSU equals right to one share; F2–F5 describe different vesting schedules for the awards. The filing does not indicate any 10b5-1 plan or sale on the open market.
• Shares owned after the transaction were not disclosed in the excerpt provided.

Context

• These entries reflect RSU vesting/conversion and standard tax-withholding (a "cashless" type settlement where shares are surrendered to satisfy taxes), not an open-market sale by the insider for cash gain.
• Such compensation-related dispositions are routine and typically do not by themselves indicate the insider’s view on the company’s near-term prospects.