Form 4: Old Republic International Corp Executive VP Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
William T. Gray, Executive VP & Treasurer of Old Republic International Corp, sold shares to cover tax liabilities related to vesting Restricted Stock Awards (RSAs).
Summary
- On May 24, 2024, William T. Gray, Executive VP & Treasurer of Old Republic International Corp, disposed of 2,753 shares of common stock to cover tax liabilities.
- The shares were surrendered at a price of $31.3 per share.
- Following the transaction, Gray directly owns 60,767 shares of common stock, which includes 23,355 unvested RSAs.
- Gray also indirectly owns 4,196 shares through a 401K.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations and doesn't necessarily reflect the executive's view on the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading activity and are used to disclose transactions by company insiders. This transaction is related to tax obligations and is not necessarily indicative of the executive's sentiment about the company's future performance.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of transaction: surrender of shares to cover tax liability. |
| 05/29/2024 | Date of signature on the Form 4 filing. |
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