Old Republic (NYSE: ORI) SVP surrenders shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLD REPUBLIC INTERNATIONAL CORP senior vice president of Underwriting & Distribution Jeffrey Lange reported a routine tax-related share surrender. He delivered 2,199 shares of Common Stock at $40.10 per share to cover tax liabilities tied to the vesting of previously granted Restricted Stock Awards.
After this transaction, Lange directly holds 26,319 shares of Old Republic common stock and indirectly holds 3,953 shares through an ORI 401(k) account. The filing reflects compensation-related tax withholding rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LANGE JEFFREY
Role
SVPUnderwriting & Distribution
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,199 | $40.10 | $88K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,319 shares (Direct);
Common Stock — 3,953 shares (Indirect, BY ORI 401K)
Footnotes (1)
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FAQ
What did Jeffrey Lange report in this Old Republic (ORI) Form 4 filing?
Jeffrey Lange reported a compensation-related tax withholding transaction. He surrendered 2,199 shares of Old Republic common stock to satisfy tax liabilities from vesting Restricted Stock Awards, rather than selling shares in the open market.
Does the Jeffrey Lange Form 4 for Old Republic (ORI) show an open-market stock sale?
The filing does not show an open-market sale. It reports a tax-withholding disposition, where 2,199 shares were surrendered to cover tax obligations from vesting Restricted Stock Awards, a common non-market, compensation-related transaction type.
What is the significance of the ORI 401(k) holdings in Jeffrey Lange’s Form 4?
The Form 4 notes 3,953 Old Republic common shares held indirectly “BY ORI 401K.” This indicates additional indirect ownership through a company retirement plan, complementing Lange’s 26,319 directly held shares after the reported tax-withholding transaction.
What does the tax-withholding code F mean in the Old Republic (ORI) Form 4?
Code F indicates a tax-withholding disposition. In this case, 2,199 Old Republic shares were surrendered to pay tax liabilities upon vesting of Restricted Stock Awards, rather than being sold voluntarily on the open market for investment purposes.