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STEWART INFORMATION SERVICES CORP — Director's Dealing 2019
Nov 12, 2019
31685_dirs_2019-11-12_a8fce506-4d01-419c-b2b3-f1e3914def4c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: STEWART INFORMATION SERVICES CORP (STC)
CIK: 0000094344
Period of Report: 2019-11-07
Reporting Person: Killea John L (Chief Legal Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-11-07 | Common Stock | M | 198 | — | Acquired | 19413 | Direct |
| 2019-11-07 | Common Stock | F | 198 | $41.28 | Disposed | 19215 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-11-07 | Restricted Stock Unit | $ | M | 198 | Disposed | Common Stock (198) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of STC Common Stock.
F2: Includes shares acquired through Issuer's dividend reinvestment plan.
F3: On November 29, 2017, the reporting person was granted 19,669 restricted stock units vesting in four installments as follows: 13.33% on November 6, 2018, 20% on November 6, 2019, 33.33% on November 7, 2019 and 33.33% on November 6, 2020. The portion of restricted stock units that become vested will be settled by the delivery of cash or shares of common stock at the discretion of the issuer. Shares of common stock or cash will be delivered to the reporting person on the vesting date except for the restricted stock units vesting on November 7, 2019 which will be settled on November 6, 2020. On November 7, 2019, 6,554 restricted stock units vested of which 198 were issued in shares of common stock and withheld to satisfy tax obligations. The remaining 6,356 units will be settled by delivery of shares of Common Stock or cash at the discretion of the issuer on November 6, 2020.