Form 4: Old Republic International Corp: Executive Carolyn Monroe Reports Stock Transactions
SEC Form 4 Filing
Carolyn Monroe, SVP at Old Republic International Corp, reports the surrender of shares to cover tax liability for vesting RSAs on March 15, 2024.
Summary
- On March 15, 2024, Carolyn Monroe, SVP of Title Insurance at Old Republic International Corp (ORI), reported a transaction involving common stock.
- Monroe surrendered 1,784 shares to cover tax liabilities related to the vesting of previously granted Restricted Stock Awards (RSAs) at a price of $29.13 per share.
- Following the transaction, Monroe directly owns 33,556 shares of ORI, which includes 28,014 unvested RSAs.
- Monroe also indirectly owns 667 shares through ORI's 401K plan.
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 that an executive exercised stock awards and sold shares to cover the associated tax obligations, a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock transaction: surrender of shares for tax liability. |
| 03/14/2024 | Closing price of ORI stock used to determine the amount withheld for tax liability. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.