Form 4: Old Republic International Corp: Officer Lange Reports Share Surrender for Tax Obligations

Jeffrey Lange, SVP of Underwriting & Distribution at Old Republic International Corp, surrendered 2,524 shares to cover tax liabilities related to vesting RSAs on March 15, 2024.

Summary

• On March 15, 2024, Jeffrey Lange, a Senior Vice President at Old Republic International Corp (ORI), reported a transaction involving the surrender of 2,524 shares of common stock.
• The shares were surrendered to cover tax liabilities associated with the vesting of previously granted Restricted Stock Awards (RSAs).
• The price per share used to determine the amount withheld was $29.13, based on the closing price of ORI stock on March 14, 2024.
• Following the transaction, Lange directly owns 37,253 shares, which includes 23,345 unvested RSAs, and indirectly owns 2,787 shares through ORI 401(k).

Sentiment

Score: 5

Explanation: This is a neutral event, reflecting a standard tax obligation related to executive compensation. It doesn't indicate positive or negative sentiment towards the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction reflects standard practice for covering tax obligations related to equity compensation.

Key Dates