Old Republic CFO surrenders shares for tax liability
OLD REPUBLIC INTERNATIONAL CORP senior vice president and CFO Frank Joseph Sodaro reported a routine tax-related share surrender.
Rhea-AI Filing Summary
OLD REPUBLIC INTERNATIONAL CORP senior vice president and CFO Frank Joseph Sodaro reported a routine tax-related share surrender. He delivered 2,447 shares of common stock at $40.10 per share to cover tax liabilities arising from the vesting of previously granted restricted stock awards.
After this disposition, Sodaro directly holds 46,249 shares of Old Republic common stock and indirectly holds 4,455 additional shares through an ORI 401(k) plan. The transaction reflects compensation-related tax withholding rather than an open-market sale and does not represent a discretionary trade in the company’s stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,447 | $40.10 | $98K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Surrender of shares to cover tax liability for the vesting of previously granted Restricted Stock Awards.
FAQ
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What insider transaction did ORI CFO Frank Sodaro report on this Form 4?
Was the ORI CFO’s Form 4 transaction an open-market sale or a tax event?
How is the ORI CFO’s indirect ownership in company stock structured?
AI-generated analysis. How Rhea-AI works. Not financial advice.