Form 4: Old Republic International Corp Executive Vice President Stephen J. Oberst Reports Stock Transaction

Executive Vice President Stephen J. Oberst of Old Republic International Corp reports the surrender of shares to cover tax liability for vesting RSAs.

Summary

• On May 24, 2024, Stephen J. Oberst, Executive Vice President of Old Republic International Corp, surrendered 4,696 shares of common stock to cover tax liabilities associated with the vesting of previously granted Restricted Stock Awards (RSAs).
• The shares were surrendered at a price of $31.3 per share.
• Following the transaction, Oberst directly owns 60,167 shares of common stock and indirectly owns 92,946 shares through a 401(k).
• The direct holdings include 33,365 unvested RSAs.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction related to executive compensation; it doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the transactions of company insiders. This transaction is related to the vesting of RSAs, a common form of equity compensation.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares surrendered by an executive for tax purposes.

Key Dates