ORI.NYSEOld Republic International CORP

Form 4: Old Republic International Corp Executive Vice President Stephen J. Oberst Reports Share Surrender for Tax Liability

Sentiment:

SEC Form 4 Filing

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Executive Vice President Stephen J. Oberst surrendered shares of Old Republic International Corp to cover tax liabilities related to vesting of previously granted Restricted Stock Awards (RSAs).

Summary

  • On March 15, 2024, Stephen J. Oberst, Executive Vice President of Old Republic International Corp, surrendered 3,745 shares of common stock to cover tax liabilities.
  • The shares were surrendered at a price of $29.13 per share.
  • Following the transaction, Oberst directly owns 64,863 shares and indirectly owns 91,766 shares through a 401(k).
  • The direct holdings include 43,355 unvested Restricted Stock Awards (RSAs).

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's overall performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.

Key Dates

DateDescription
03/14/2024Date used to determine the closing price of ORI stock for calculating the amount withheld for tax liability.
03/15/2024Date of the transaction where shares were surrendered to cover tax liability.
03/19/2024Date of the report filing.

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