Old Republic (NYSE: ORI) SVP exercises 3,008 RSUs, with 963 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Old Republic International senior vice president and general counsel Thomas Dare exercised 3,008 Restricted Stock Units into common stock on March 6, 2026. Of these shares, 963 were surrendered at $42.07 per share to cover tax liabilities tied to the vesting. Following these transactions, Dare holds 41,548 common shares directly and 6,238 shares indirectly through an ORI 401(k) account, and this direct position also includes 8,350 unvested restricted stock awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,008 shares exercised/converted
Mixed
4 txns
Insider
DARE THOMAS
Role
SrVP Secretary General Counsel
| 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 | 963 | $42.07 | $41K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2024 Restricted Stock Unit — 3,017 shares (Direct);
Common Stock — 42,511 shares (Direct);
Common Stock — 6,238 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 insider transactions did ORI executive Thomas Dare report on this Form 4?
Thomas Dare exercised 3,008 Restricted Stock Units into Old Republic common stock. He then surrendered 963 shares to satisfy tax obligations, leaving an increased direct holding of 41,548 shares plus 6,238 shares held indirectly in an ORI 401(k) account.
What does the exercise of 3,008 RSUs mean for Thomas Dare’s ORI ownership?
Exercising 3,008 Restricted Stock Units converted them into an equal number of Old Republic common shares. After using 963 shares to pay taxes, Dare’s net ownership still increased, bringing his direct holdings to 41,548 shares, plus indirect and unvested equity positions.
How are Thomas Dare’s indirect Old Republic (ORI) holdings structured?
Thomas Dare’s indirect holdings consist of 6,238 Old Republic common shares held through an ORI 401(k) plan. These shares are reported as indirect ownership, separate from his 41,548 directly held shares and 8,350 unvested restricted stock awards.