ORI (NYSE: ORI) CFO receives 2026 stock option and RSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sodaro Frank Joseph reported acquisition or exercise transactions in this Form 4 filing.
OLD REPUBLIC INTERNATIONAL CORP reported that Senior Vice President and CFO Frank Joseph Sodaro received equity awards on March 2, 2026. He was granted 47,325 2026 Employee Stock Options and 8,715 2026 Restricted Stock Units at a price of $0.00 per unit. Both awards are subject to forfeiture conditions and vest in three equal annual installments beginning March 2, 2027, giving him additional long-term, stock-based compensation tied to the company’s future performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sodaro Frank Joseph
Role
Sr. VP. & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 Employee Stock Option | 47,325 | $0.00 | -- |
| Grant/Award | 2026 Restricted Stock Unit | 8,715 | $0.00 | -- |
Holdings After Transaction:
2026 Employee Stock Option — 47,325 shares (Direct);
2026 Restricted Stock Unit — 8,715 shares (Direct)
Footnotes (1)
- The 2026 Employee Stock Option award is subject to certain forfeiture conditions and vests in three equal annual installments beginning March 2, 2027. Each 2026 Restricted Stock Units represents a right to receive one share of ORI's common stock. Subject to certain forfeiture conditions, the 2026 Restricted Stock Unit award vests in three equal annual installments beginning March 2, 2027.
FAQ
What insider transactions did ORI CFO Frank Joseph Sodaro report on this Form 4?
Frank Joseph Sodaro reported receiving two equity awards: 47,325 2026 Employee Stock Options and 8,715 2026 Restricted Stock Units, both granted at $0.00 per unit. These awards represent additional stock-based compensation rather than open-market share purchases or sales.
Are the ORI equity awards to CFO Frank Joseph Sodaro immediately vested?
No, the equity awards vest over time. Both the 2026 Employee Stock Options and the 2026 Restricted Stock Units vest in three equal annual installments starting on March 2, 2027. They are also subject to specified forfeiture conditions described in the filing footnotes.
What does the 2026 Employee Stock Option grant mean for ORI’s CFO?
The 47,325 2026 Employee Stock Options give the CFO a future right to acquire ORI shares, subject to vesting and forfeiture terms. They vest in three equal installments beginning March 2, 2027, aligning a portion of his compensation with long-term company performance.
How do the 2026 Restricted Stock Units work for ORI CFO Frank Joseph Sodaro?
Each of the 8,715 2026 Restricted Stock Units represents a right to receive one ORI common share. These units vest in three equal annual installments starting March 2, 2027, and are subject to forfeiture conditions, providing time-based stock compensation tied to continued service.
Are the ORI equity awards to the CFO held directly or indirectly?
The awards are reported as held with direct ownership. The filing lists the ownership type as “D” for direct, and there are no footnotes indicating that the awards are held through separate entities, trusts, or partnerships on behalf of the CFO.