Form 4: Old Republic Exec Sells Shares for Tax Liability

Old Republic International Corp. Senior VP Thomas Dare disposed of 2,672 shares of common stock to cover tax liabilities related to vested restricted stock awards.

Summary

• Thomas Dare, Senior VP Secretary General Counsel of Old Republic International Corp. (ORI), reported a transaction on March 16, 2026.
• Dare disposed of 2,672 shares of common stock at a price of $40.1 per share.
• This disposition was a surrender of shares to cover tax liability for the vesting of previously granted Restricted Stock Awards.
• Following the transaction, Thomas Dare directly beneficially owns 40,747 shares of common stock.
• Additionally, Dare indirectly beneficially owns 6,238 shares through the ORI 401K plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine, non-discretionary transaction by an insider to cover tax obligations associated with vested equity awards.

Positives

• The transaction represents a routine, non-discretionary event related to executive compensation, indicating the vesting of previously granted restricted stock awards.

Negatives

• The disposition of shares is a routine event for tax purposes and does not reflect a discretionary sale based on management's outlook on the company's performance or stock value.

Risks

• No specific risks related to the company's operations or financial health were disclosed in this Form 4 filing.

Future Outlook

No forward-looking statements or guidance were provided in this Form 4 filing.

Management Comments

• No direct management comments or notable statements were included in this Form 4 filing.

Industry Context

StockSavvy.ai notes that such tax-related dispositions of shares are standard practice for executives receiving equity compensation across various industries, reflecting the mechanics of restricted stock vesting rather than a strategic move.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes by an executive.

Next Steps

• No specific future actions, events, or milestones were mentioned in this Form 4 filing.

Key Dates

Keywords

Old Republic International, ORI, Thomas Dare, Insider Transaction, Form 4, Stock Sale, Restricted Stock, Tax Liability, Executive Compensation