Form 4: Old Republic International Corp: CEO Craig R. Smiddy Reports Share Surrender for Tax Obligations
SEC Form 4 Filing
Craig R. Smiddy, President & CEO of Old Republic International Corp, reported surrendering shares to cover tax liabilities related to vesting RSAs on March 15, 2024.
Summary
- On March 15, 2024, Craig R. Smiddy, the President & CEO of Old Republic International Corp, reported a transaction involving the surrender of 8,001 common stock shares to cover tax liabilities.
- The shares were surrendered at a price of $29.13 per share.
- Following the transaction, Smiddy directly owns 148,549.7269 shares of common stock and indirectly owns 35,958.51 shares through a 401K.
- The reported holdings include 101,384 unvested Restricted Stock Awards (RSAs).
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine filing related to insider transactions. It is common for executives to surrender shares to cover tax obligations when RSAs vest.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of the transaction: surrender of shares to cover tax liability. |
| 03/19/2024 | Date of signature by Victoria Pool, Power of Attorney for Craig R. Smiddy. |
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