Old Republic (NYSE: ORI) EVP awarded 2026 stock options and RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLD REPUBLIC INTERNATIONAL CORP Executive Vice President Stephen J. Oberst reported awards of company equity-based compensation. He received a 2026 Employee Stock Option covering 63,260 shares at no exercise cost on grant and a 2026 Restricted Stock Unit award for 11,649 units, both held directly.
The footnotes state these awards are subject to forfeiture conditions and will vest in three equal annual installments beginning on March 2, 2027. Each restricted stock unit represents a right to receive one share of Old Republic common stock if and when it vests.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
OBERST STEPHEN J
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 Employee Stock Option | 63,260 | $0.00 | -- |
| Grant/Award | 2026 Restricted Stock Unit | 11,649 | $0.00 | -- |
Holdings After Transaction:
2026 Employee Stock Option — 63,260 shares (Direct);
2026 Restricted Stock Unit — 11,649 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 did ORI Executive Vice President Stephen J. Oberst report on this Form 4?
Stephen J. Oberst reported equity awards granted as part of compensation. He received a 2026 Employee Stock Option for 63,260 shares and a 2026 Restricted Stock Unit award for 11,649 units, both recorded as directly owned on March 2, 2026.
How many stock options did Stephen J. Oberst receive from Old Republic (ORI)?
He received a 2026 Employee Stock Option covering 63,260 shares. These options were granted at a reported price of $0.0000 per share on the grant date, reflecting a compensation award rather than an open-market purchase of Old Republic common stock.
What are the terms of Stephen J. Oberst’s 2026 Restricted Stock Units at ORI?
Oberst was granted 11,649 2026 Restricted Stock Units. Each unit represents a right to receive one share of Old Republic common stock, subject to forfeiture conditions, and vests in three equal annual installments beginning on March 2, 2027, if conditions are satisfied.
When do Stephen J. Oberst’s 2026 ORI equity awards begin vesting?
Both the 2026 Employee Stock Option and 2026 Restricted Stock Unit awards begin vesting on March 2, 2027. They vest in three equal annual installments from that date, contingent on the specified forfeiture and vesting conditions being met each year.
Are Stephen J. Oberst’s ORI equity awards subject to forfeiture?
Yes, the filing notes both the 2026 Employee Stock Option and the 2026 Restricted Stock Unit awards are subject to certain forfeiture conditions. If those conditions are not met, portions of the awards may be forfeited instead of fully vesting into ORI common shares.
How many ORI restricted stock units does Stephen J. Oberst own after this transaction?
Following the reported grant, Oberst directly holds 11,649 2026 Restricted Stock Units. These units convert into Old Republic common shares only upon vesting in three equal annual tranches starting March 2, 2027, assuming all award conditions continue to be satisfied.