Old Republic (NYSE: ORI) CFO nets shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Old Republic International Sr. VP & CFO Frank Joseph Sodaro reported routine equity compensation activity. On March 11, 2026, 2,752 Restricted Stock Units converted into 2,752 shares of common stock at a stated price of $0.00 per share.
To cover tax liabilities from this vesting, 807 common shares were surrendered at $40.65 per share, a tax-withholding disposition rather than an open-market sale. After these transactions, he directly holds 48,696 common shares and 5,511 restricted stock units, plus 4,455 shares held indirectly through an ORI 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,752 shares exercised/converted
Mixed
4 txns
Insider
Sodaro Frank Joseph
Role
Sr. VP. & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2025 Restricted Stock Unit | 2,752 | $0.00 | -- |
| Exercise | Common Stock | 2,752 | $0.00 | -- |
| Tax Withholding | Common Stock | 807 | $40.65 | $33K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2025 Restricted Stock Unit — 5,511 shares (Direct);
Common Stock — 49,503 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 11, 2025, the reporting person was granted Restricted Stock Units that vest in three equal annual installments beginning March 11, 2026.
FAQ
What insider transaction did ORI CFO Frank Sodaro report?
ORI CFO Frank Sodaro reported routine equity compensation activity. 2,752 Restricted Stock Units vested and converted into the same number of common shares, followed by a tax-related share surrender, rather than an open-market purchase or sale, as part of his compensation package.
Was the ORI CFO’s Form 4 transaction an open-market sale or purchase?
The filing shows no open-market purchase or sale. Shares were acquired through RSU vesting and some were surrendered to cover tax liabilities, a non-market transaction that does not reflect an independent decision to buy or sell shares in the open market.
What are Frank Sodaro’s ORI holdings after these Form 4 transactions?
After the reported transactions, Frank Sodaro holds 48,696 ORI common shares directly and 5,511 restricted stock units. He also has 4,455 common shares held indirectly through an ORI 401(k) account, according to the ownership details disclosed in the filing.
What does the tax-withholding disposition mean in the ORI Form 4?
The tax-withholding disposition means 807 ORI shares were surrendered at $40.65 each to pay taxes on vested RSUs. This mechanism substitutes cash tax payment with shares and is treated as a non-market event rather than a voluntary sale of stock.