Form 4: Old Republic International Corp: Officer Monroe Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Carolyn Monroe, SVP at Old Republic International Corp, exercised stock options, acquired shares, and subsequently sold a portion to cover exercise costs and tax obligations.
Summary
- On June 3, 2024, Carolyn Monroe, SVP of Title Insurance at Old Republic International Corp, exercised stock options to acquire 26,640 shares of common stock at a price of $22.92 per share.
- Following the exercise, Monroe disposed of 4,503 shares at $31.28 per share.
- Additionally, 22,137 shares were withheld by the company to cover the exercise price and tax withholdings at a price of $31.78.
- After these transactions, Monroe directly owns 33,556 shares of common stock and indirectly owns 1,038 shares through ORI 401K.
- Monroe also holds 26,720 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. There is no information to suggest a positive or negative outlook.
Industry Context
This filing is a routine disclosure of an officer's stock option exercise and subsequent sale of shares, which is a common practice in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 05/31/2023 | Date the 2022 Employee Stock Option grant vests in three equal annual installments beginning on this date. |
| 06/03/2024 | Date of earliest transaction: exercise of stock options, disposal of shares. |
| 06/05/2024 | Date of signature for the Form 4 filing. |
| 05/31/2032 | Expiration date of the 2022 Employee Stock Option. |
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