Form 4: Old Republic International Corp CEO Craig R. Smiddy Reports Stock Transaction

Craig R. Smiddy, President & CEO of Old Republic International Corp, reports the surrender of shares to cover tax liability for vesting RSAs and an adjustment to his holdings.

Summary

• On May 24, 2024, Craig R. Smiddy, the President & CEO of Old Republic International Corp, surrendered 10,327 shares of common stock to cover tax liabilities associated with the vesting of previously granted Restricted Stock Awards (RSAs).
• The shares were surrendered at a price of $31.3 per share.
• Following the transaction, Smiddy directly owns 138,222 shares of common stock, which includes 78,074 unvested RSAs.
• Additionally, Smiddy indirectly owns 37,575 shares through a 401K.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and tax obligations, which is common among publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the surrender of shares by the CEO to cover tax obligations, which is a normal part of executive compensation.

Key Dates