Form 4: Old Republic International Corp Executive VP William T. Gray Reports Share Surrender for Tax Liability
SEC Form 4 Filing
Executive VP & Treasurer of Old Republic International Corp, William T. Gray, reports surrendering shares to cover tax liability for vesting of restricted stock awards.
Summary
- On March 14, 2025, William T. Gray, Executive VP & Treasurer of Old Republic International Corp, surrendered 2,192 shares of common stock to cover tax liability 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, Gray directly owns 63,200 shares of common stock, which includes 15,030 unvested RSAs.
- Gray also indirectly owns 4,556 shares through ORI 401K.
Sentiment
Score: 5
Explanation: This is a neutral event related to executive compensation and tax obligations; it doesn't inherently indicate 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.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of transaction: Surrender of shares for tax liability. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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