Form 4: Old Republic International Corp: Officer Thomas Dare Reports Share Surrender for Tax Liability
SEC Form 4 Filing
Thomas Dare, a Senior Vice President, Secretary, and General Counsel at Old Republic International Corp, surrendered shares to cover tax liabilities related to vesting RSAs.
Summary
- On March 15, 2024, Thomas Dare, a Senior Vice President, Secretary, and General Counsel of Old Republic International Corp (ORI), reported a transaction involving the surrender of 2,747 common stock shares.
- The shares were surrendered to cover tax liabilities associated with the vesting of previously granted Restricted Stock Awards (RSAs).
- The price per share was $29.13.
- Following the transaction, Dare directly owns 47,764 shares and indirectly owns 4,697 shares through a 401K.
- The direct holdings include 30,015 unvested RSAs.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting standard executive compensation and tax obligations. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine Form 4 filing, which is common for corporate insiders who have transactions in their company's stock. It reflects standard compensation practices involving stock awards and subsequent tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of share surrender transaction. |
| 03/14/2024 | Date used to determine the closing price of ORI stock for tax withholding. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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