ORI (ORI) CFO Sodaro exercises RSUs, surrenders shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,008 shares exercised/converted
Mixed
4 txns
Insider
Sodaro Frank Joseph
Role
Sr. VP. & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2024 Restricted Stock Unit | 3,008 | $0.00 | -- |
| Exercise | Common Stock | 3,008 | $0.00 | -- |
| Tax Withholding | Common Stock | 956 | $42.07 | $40K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2024 Restricted Stock Unit — 3,017 shares (Direct);
Common Stock — 47,707 shares (Direct);
Common Stock — 4,455 shares (Indirect, By ORI 401K)
Footnotes (1)
- Restricted Stock Units convert into common stock on a one-for-one basis. Includes 8,350 unvested Restricted Stock Awards. Surrender of shares to cover tax liability for the vesting of previously granted Restricted Stock Units. On March 6, 2024, the reporting person was granted Restricted Stock Units that vest in three equal annual installments beginning March 6, 2025.
FAQ
What did ORI CFO Frank Sodaro report in this Form 4?
ORI CFO Frank Sodaro reported exercising restricted stock units into 3,008 common shares and a related tax-withholding share surrender. These are compensation-related events reflecting vesting of equity awards, not open-market buying or selling of OLD REPUBLIC INTERNATIONAL CORP stock.
Do these ORI Form 4 transactions involve any remaining derivative securities?
The filing shows exercise of 3,008 restricted stock units into common stock and lists no remaining derivative securities in the derivative position summary. The key activity is equity vesting and associated tax withholding tied to compensation, not ongoing derivative holdings.