Form 4: Old Republic Exec's Routine Stock Vesting & Tax Sale
Insider Transaction Report
Old Republic International Corp. Senior VP Thomas Dare reported the vesting of Restricted Stock Units into common stock and a subsequent sale to cover tax liabilities.
Summary
- Thomas Dare, SrVP Secretary General Counsel of Old Republic International Corp. (ORI), reported changes in his beneficial ownership.
- On March 11, 2026, 2,752 Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis.
- Concurrently, 881 shares of common stock were disposed of at $40.65 per share to cover tax liability related to the RSU vesting.
- Following these transactions, Mr. Dare directly owns 43,419 shares of common stock.
- He also indirectly owns 6,238 shares of common stock through the ORI 401K.
- An additional 5,511 2025 Restricted Stock Units remain unvested.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a routine executive compensation transaction involving the vesting of Restricted Stock Units and a standard tax-related share disposition.
Positives
- The vesting of 2,752 Restricted Stock Units indicates a scheduled compensation event for a senior executive.
- The executive continues to hold a significant number of shares, including 43,419 directly and 6,238 indirectly, aligning executive interests with shareholders.
Negatives
- 881 shares of common stock were sold to cover tax liabilities, representing a reduction in direct ownership.
Future Outlook
The remaining 5,511 2025 Restricted Stock Units are scheduled to vest in two additional equal annual installments following the initial vesting on March 11, 2026.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive stock ownership changes. This particular filing reflects a routine compensation event, common across industries for executives receiving equity-based awards.
Stakeholder Impact
- Shareholders: Provides transparency regarding executive stock ownership and compensation practices, which is generally positive for corporate governance. The sale of shares for tax purposes is a minor, routine event and not indicative of a lack of confidence.
Next Steps
- Future vesting of the remaining 5,511 2025 Restricted Stock Units in two equal annual installments.
Key Dates
| Date | Description |
|---|---|
| 03/11/2025 | Date reporting person was granted Restricted Stock Units that vest in three equal annual installments. |
| 03/11/2026 | Date of RSU conversion to common stock and disposition of shares for tax liability; also the start date for the first annual installment vesting of 2025 RSUs. |
| 03/13/2026 | Signature date of the reporting person's Power of Attorney. |
Keywords
Old Republic International Corp, ORI, Thomas Dare, Form 4, Insider Trading, Restricted Stock Units, RSU, Common Stock, Executive Compensation, Beneficial Ownership
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