Erin E. Sheckler
STEWART INFORMATION SERVICESAbout Erin E. Sheckler
Erin E. Sheckler, 49, is Group President responsible for Stewart’s National Commercial Services since 2025; she also oversees international operations and Asset Preservation, Inc. (1031 exchange). She previously served as Senior Division President within Stewart’s Direct Operations (2020–2023) and was SVP of National Commercial Services at WFG National Title Insurance (2017–2020). She holds a BA from Western Washington University and a JD, cum laude, from Seattle University School of Law; she is a member of the Washington State Bar Association and licensed to practice in Washington . Company performance frameworks tied to executive pay emphasize corporate pre-tax margin and net revenue; 2024 Group President financial metrics achieved 114.3% and drove over-target STIP payouts in a year of improved results despite flat market volumes .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Stewart Information Services | Group President, National Commercial Services; oversees International & Asset Preservation, Inc. | 2025–Present | Leadership of NCS plus international and 1031 operations; part of succession plan execution for long-term success . |
| Stewart Information Services | Senior Division President, Direct Operations | 2020–2023 | Led Direct Operations business; promoted into broader commercial leadership . |
| Stewart Information Services | Head of National Commercial Services (reporting to Group President) | 2023 | Elevated to lead NCS; cited for strong leadership in difficult market . |
| WFG National Title Insurance | SVP, National Commercial Services | 2017–2020 | Senior leadership in commercial title; industry breadth before joining Stewart . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Washington State Bar Association | Member; licensed attorney in Washington | Current | Legal credentials supporting governance, risk, and commercial execution . |
Fixed Compensation
Not disclosed for Erin in the FY2024 proxy because the Summary Compensation Table covers FY2022–FY2024 Named Executive Officers (NEOs) and does not include her; Erin is disclosed as an executive officer as of March 11, 2025 .
Performance Compensation
Company design (applies to executive officers): STIP combines financial metrics and an Individual Qualitative metric; LTIP in 2024 balanced 50% performance-based and 50% time-based RSUs to support retention and long-term value creation. For Group Presidents in 2024 (role Erin holds starting 2025), the financial metrics and results were as follows :
| Metric | Weighting | Target | Actual | Payout (% of Target) | Vesting |
|---|---|---|---|---|---|
| Corporate Pre-Tax Margin | 80% (within financial metric bucket) | 3.75%–4.25% | 4.41% | 105.3% | STIP is cash; N/A . |
| Corporate Net Revenue | 20% (within financial metric bucket) | $1,500M | $1,612.7M | 150.1% | STIP is cash; N/A . |
| Financial Metrics Achievement | 50% of total STIP | — | — | 114.3%; weighted contribution 57.1% | N/A . |
Notes:
- 2024 STIP used widened performance ranges to reflect rate/volume uncertainty; payouts were between 110%–116.5% of target across NEOs .
- 2024 LTIP mix set to 50% performance-based and 50% time-based stock for alignment and retention .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Latest known beneficial ownership | 6,013 shares after transactions on 09/19/2025 (following vest of 339 RSUs and sale of 85 shares at $75.28) . |
| Vested vs. unvested RSUs | Remaining unvested portion of a 09/19/2022 time-based RSU grant vests in three equal annual installments beginning on the first anniversary; vesting occurred in 2023, 2024, and 2025 (339 RSUs reflected in 2025 filing) . |
| Ownership % of shares outstanding | ~0.021% based on 6,013 shares vs. 28,026,117 shares outstanding at 03/11/2025 (6,013/28,026,117) . |
| Pledging/Hedging | Prohibited: no margin/pledging, no hedging or derivative transactions; 10b5-1 plans must meet policy conditions . |
| Stock ownership guidelines | Executive officers subject to ownership guidelines; CEO 5x salary; other NEOs 2x salary, with 5-year compliance window (committee monitors annually) . |
| Clawback | Amended Oct 2, 2023; recovery of erroneously awarded incentive compensation after accounting restatements, regardless of fault, per NYSE rules . |
| Equity grant timing | First-quarter grant cycle; no options granted to executive officers in 2024; equity compensation consisted solely of RSUs . |
Insider Transactions (recent)
| Date | Type | Shares | Price | Post-Transaction Ownership |
|---|---|---|---|---|
| 09/19/2025 | RSU vest (A) | 339 | — | 6,098 before subsequent sale . |
| 09/19/2025 | Sale (S) | 85 | $75.28 | 6,013 shares . |
Employment Terms
- Executive officer employment agreements include annual auto-renewal, confidentiality, non-competition and non-solicitation covenants, and stock ownership requirements; participation in STIP and LTIP is subject to annual review (no guaranteed amounts) .
- Non-compete and non-solicit: 12 months; violation forfeits all unvested awards and incentive plan benefits .
- Change-in-control: double trigger required for accelerated vesting/modification of equity; options accelerate and fully vest upon qualifying CIC termination .
- Severance economics (plan-level terms): generally 1x base salary for involuntary termination without cause/good reason; 2x base salary for all NEOs upon CIC termination; short-term incentive targets prorated or 2x under CIC, with specific treatment for time-based and performance-based LTIs (deliver per schedule vs. accelerate at target) .
- COBRA and outplacement: employer-paid COBRA for 12 months (other NEOs) or 18 months (CEO) and up to $10,000 outplacement for other NEOs under certain scenarios .
- Hedging/pledging prohibited; clawback policy in effect per NYSE standards .
Compensation Peer Group (Benchmarking)
Target pay levels generally set at the median of the comparator group. 2024 peer group included: Cincinnati Financial; Erie Indemnity; First American Financial; Horace Mann Educators; Mercury General; MGIC Investment; Mr. Cooper Group; Old Republic International; PennyMac; ProAssurance; Radian; RLI; Rocket Companies; Selective Insurance Group; The Hanover Insurance Group; UWM Holdings .
Say-on-Pay & Shareholder Feedback
- 2024 Say-on-Pay approval: 97.6% in favor; interpreted as affirmation of structure and approach .
- Practices in place: independent compensation consultant; heavy variable pay; double-trigger CIC vesting; clawback; no excise tax gross-ups; no option repricing; anti-hedging .
Performance Notes and Track Record
- Succession execution: 2024 Individual Qualitative assessment noted execution of a succession plan including appointments of Ryan Swed and Erin Sheckler to executive officer roles, positioning for long-term success .
- Leadership context: Stewart highlighted Sheckler’s leadership as Head of National Commercial Services amid a difficult market (2023 press release commentary) .
- Company results and payouts: 2024 financial results improved vs. 2023 despite flat volumes; widened STIP ranges mitigated forecasting risks; over-target STIP payouts (110–116.5% of target) .
Investment Implications
- Alignment: RSU-centric equity, anti-hedging/pledging, stock ownership guidelines, and NYSE-compliant clawback indicate strong alignment and downside governance protection for investors .
- Retention risk: 12-month non-compete/non-solicit and double-trigger CIC terms reduce voluntary exit incentives; succession planning explicitly included Sheckler in executive transitions, supporting continuity in NCS and international operations .
- Trading signals: Recent insider activity shows minimal open-market selling (85 shares) coincident with scheduled RSU vesting—typical administrative liquidity rather than a directional signal .
- Pay-for-performance: Executive STIP and LTIP design ties payouts to core financial metrics (margin, revenue) and multi-year equity vesting; 2024 outcomes demonstrate leverage to company-level performance that outpaced targets, reinforcing incentive alignment .