Form 4: Old Republic International Corp: Executive Sodaro Exercises Stock Options and Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Frank Joseph Sodaro, Sr. VP & CFO of Old Republic International Corp, executed stock options and disposed of shares to cover tax liabilities on March 6, 2025.
Summary
- On March 6, 2025, Frank Joseph Sodaro, Sr. VP & CFO of Old Republic International Corp, exercised 3,007 Restricted Stock Units (RSUs) which converted into common stock.
- Sodaro also disposed of 882 shares of common stock at a price of $37.73 to cover tax liabilities associated with the vesting of previously granted RSUs.
- Following these transactions, Sodaro directly owns 46,009 shares of common stock, which includes 23,355 unvested Restricted Stock Awards, and indirectly owns 3,900 shares through ORI 401K.
- He also holds 6,025 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions related to executive compensation, without indicating any positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transactions have a minor impact on shareholders by slightly altering the ownership structure.
- Employees holding company stock or options may be interested in these transactions as they provide insight into executive behavior.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of earliest transaction: Exercise of stock options and disposal of shares. |
| 03/06/2024 | Reporting person was granted Restricted Stock Units that vest in three equal annual installments beginning March 6, 2025. |
| 03/10/2025 | Date of signature on the Form 4 filing. |
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