Form 4: Old Republic International Corp: Officer Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Carolyn Monroe, SVP at Old Republic International Corp, exercised stock options and sold shares to cover the exercise price and tax obligations.
Summary
- Carolyn Monroe, a Senior Vice President at Old Republic International Corp (ORI), filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On February 4, 2025, Monroe exercised stock options to acquire 12,000 shares at $16.17 and 13,750 shares at $21.3.
- She then sold 4,751 shares at $36.35, 149 shares at $36.36 and 4,288 shares at $36.34 to cover the exercise price and tax withholdings.
- Following these transactions, Monroe directly owns 33,556 shares of common stock and indirectly owns 1,123 shares through ORI 401K.
- She also holds options for 16,500 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of stock option exercises and sales to cover costs.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors to gauge management's sentiment and potential future performance.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the company's outstanding shares.
- The company withheld shares to cover the exercise price and tax withholdings.
Key Dates
| Date | Description |
|---|---|
| 12/31/2020 | Date from which 2020 Employee Stock Option grant becomes exercisable. |
| 12/03/2021 | Date from which 2021 Employee Stock Option grant becomes exercisable. |
| 02/04/2025 | Date of stock option exercise and share sales. |
| 02/06/2025 | Date of Form 4 signature. |
| 03/17/2030 | Expiration date of 2020 Employee Stock Option. |
| 03/09/2031 | Expiration date of 2021 Employee Stock Option. |
Keywords
Form 4, Stock Options, ORI, Old Republic International Corp, Beneficial Ownership, Carolyn Monroe, Insider Trading
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