Form 4: Old Republic International Corp. Executive Sodaro Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Frank Joseph Sodaro, Sr. VP & CFO of Old Republic International Corp., sold shares to cover tax liabilities from vesting restricted stock awards.
Summary
- Frank Joseph Sodaro, a Senior VP & CFO at Old Republic International Corp, reported a transaction on March 14, 2025.
- Sodaro surrendered 2,440 shares of common stock to cover tax liabilities associated with the vesting of previously granted Restricted Stock Awards (RSAs) at a price of $36.59 per share.
- Following the transaction, Sodaro directly owns 43,569 shares, which includes 15,030 unvested RSAs, and indirectly owns 3,900 shares through ORI 401K.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the financial markets, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of transaction: Sodaro surrendered shares to cover tax liability. |
| 03/18/2025 | Date of signature by Victoria Pool, Power of Attorney for Frank Sodaro. |
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