Form 4: Old Republic International Corp CEO Craig R. Smiddy Reports Stock Transactions
SEC Form 4 Filing
Craig R. Smiddy, President & CEO of Old Republic International Corp, reports the surrender of shares to cover tax liability and updates on restricted stock awards.
Summary
- On March 14, 2025, Craig R. Smiddy, President & CEO of Old Republic International Corp, reported a transaction involving common stock.
- 10,799 shares were disposed of to cover tax liability for the vesting of previously granted Restricted Stock Awards (RSAs) at a price of $36.59.
- Following the transaction, Smiddy directly owns 134,229 shares of common stock, which includes 50,768 unvested RSAs.
- Additionally, Smiddy indirectly owns 41,523 shares through ORI 401K.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests. This filing indicates routine tax-related stock disposals.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of stock transaction (disposal of shares to cover tax liability). |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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