Old Republic executive exercises 3,008 RSUs
Old Republic International senior vice president of Underwriting & Distribution Jeffrey Lange exercised 3,008 Restricted Stock Units that convert into common stock on a one-for-one basis.
Rhea-AI Filing Summary
Old Republic International senior vice president of Underwriting & Distribution Jeffrey Lange exercised 3,008 Restricted Stock Units that convert into common stock on a one-for-one basis. To cover taxes on this vesting, 867 common shares were surrendered at a price of $42.07 per share.
After these transactions, Lange directly holds 26,491 common shares, which include 8,350 unvested restricted stock awards, and indirectly holds 3,953 shares through an ORI 401(k) account. The Restricted Stock Units were part of a 2024 grant that vests in three equal annual installments beginning March 6, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2024 Restricted Stock Unit | 3,008 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,008 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 867 | $42.07 | $36K |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Restricted Stock Units convert into common stock on a one-for-one basis.
- F2. Includes 8,350 unvested Restricted Stock Awards.
- F3. Surrender of shares to cover tax liability for the vesting of previously granted Restricted Stock Units.
- F4. On March 6, 2024, the reporting person was granted Restricted Stock Units that vest in three equal annual installments beginning March 6, 2025.
FAQ
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What insider transaction did ORI executive Jeffrey Lange report on this Form 4?
What type of equity award did Jeffrey Lange exercise at Old Republic (ORI)?
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