Form 4: Old Republic International Executive Disposes of Shares for Tax Obligations

Old Republic International's SrVP Secretary General Counsel, Thomas Dare, disposed of 3,140 shares of common stock to cover tax liabilities related to vested restricted stock awards.

Summary

• Thomas Dare, SrVP Secretary General Counsel of Old Republic International Corp (ORI), reported a transaction on May 23, 2025.
• The transaction involved the disposition of 3,140 shares of ORI Common Stock.
• The shares were disposed of at a price of $37.26 per share.
• This disposition was specifically for covering tax liability associated with the vesting of previously granted Restricted Stock Awards (RSAs).
• Following the transaction, Mr. Dare directly beneficially owns 39,503 shares of Common Stock, which includes 8,350 unvested RSAs.
• Additionally, Mr. Dare indirectly beneficially owns 5,757 shares through the ORI 401K plan.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax liabilities associated with the vesting of restricted stock awards, which is a common and expected event for executive compensation and does not indicate a change in company fundamentals or executive sentiment.

Positives

• The transaction indicates the vesting of previously granted Restricted Stock Awards (RSAs), which is a positive event for the executive, reflecting earned compensation.

Negatives

• The disposition of 3,140 shares reduces the executive's direct common stock holdings, although this was for tax purposes rather than a discretionary sale.

Future Outlook

NA

Industry Context

NA

Key Dates

Keywords

Old Republic International, ORI, Form 4, insider transaction, stock disposition, restricted stock awards, executive compensation, Thomas Dare