Form 4: Old Republic International Corp Executive VP William T. Gray Reports Share Surrender for Tax Liability
SEC Form 4 Filing
Executive VP & Treasurer William T. Gray surrendered 2,103 shares of Old Republic International Corp stock to cover tax liabilities related to vesting RSAs on March 15, 2024.
Summary
- On March 15, 2024, William T. Gray, Executive VP & Treasurer of Old Republic International Corp, reported a transaction involving the surrender of 2,103 shares of common stock to cover tax liabilities.
- The shares were surrendered at a price of $29.13 per share.
- Following the transaction, Gray directly owns 63,520 shares of common stock, which includes 30,015 unvested RSAs.
- Gray also indirectly owns 3,796 shares through a 401K.
Sentiment
Score: 5
Explanation: This is a neutral filing related to tax obligations, not indicative of positive or negative sentiment towards the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates routine tax-related transactions and doesn't necessarily reflect a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Surrender of shares to cover tax liability. |
| 03/14/2024 | Date used to determine the amount withheld for tax liability, based on the closing price of ORI stock. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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