ORI CFO exercises 3,008 restricted stock units
OLD REPUBLIC INTERNATIONAL CORP Senior Vice President and CFO Frank Joseph Sodaro exercised previously granted restricted stock units into 3,008 shares of common stock on March 6, 2026.
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Rhea-AI Filing Summary
OLD REPUBLIC INTERNATIONAL CORP Senior Vice President and CFO Frank Joseph Sodaro exercised previously granted restricted stock units into 3,008 shares of common stock on March 6, 2026. These units convert to common stock on a one-for-one basis.
To cover tax liabilities from this vesting, 956 common shares were surrendered at $42.07 per share, a non-market tax-withholding disposition rather than an open-market sale. Following these transactions, Sodaro directly holds 46,751 common shares, which includes 8,350 unvested restricted stock awards, and indirectly holds 4,455 shares through an ORI 401(k) account.
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 | 956 | $42.07 | $40K |
| 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 did ORI CFO Frank Sodaro report in this Form 4?
Do these ORI Form 4 transactions involve any remaining derivative securities?
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