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Old Republic (NYSE: ORI) EVP awarded 2026 stock options and RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
OBERST STEPHEN J

(Last) (First) (Middle)
307 NORTH MICHIGAN AVENUE
SUITE 2300

(Street)
CHICAGO IL 60601

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
OLD REPUBLIC INTERNATIONAL CORP [ ORI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Vice President
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
2026 Employee Stock Option $43.08 03/02/2026 A 63,260 (1) 03/02/2036 Common Stock 63,260 $0 63,260 D
2026 Restricted Stock Unit (2) 03/02/2026 A 11,649 (2) (2) Common Stock 11,649 $0 11,649 D
Explanation of Responses:
1. The 2026 Employee Stock Option award is subject to certain forfeiture conditions and vests in three equal annual installments beginning March 2, 2027.
2. 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.
Remarks:
By Victoria Pool, Power of Attorney for Stephen J. Oberst 03/04/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.
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