Form 4: Old Republic International Corp Executive Vice President Stephen J. Oberst Reports Share Surrender for Tax Obligations
SEC Form 4 Filing
Executive Vice President Stephen J. Oberst surrendered shares of Old Republic International Corp to cover tax liabilities from vesting restricted stock awards.
Summary
- On March 14, 2025, Stephen J. Oberst, an Executive Vice President at Old Republic International Corp, surrendered 3,730 shares of common stock to cover tax liabilities related to the vesting of previously granted Restricted Stock Awards (RSAs).
- The transaction was executed at a price of $36.59 per share.
- Following the transaction, Oberst directly owns 59,100 shares, which includes 21,710 unvested RSAs, and indirectly owns 100,551 shares through ORI 401K.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company executives and directors. This transaction is a common occurrence where executives surrender shares to cover tax obligations related to vesting equity awards.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of share surrender transaction. |
| 03/18/2025 | Date of signature on the report. |
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