ORI executive exercises options, sells 13K shares
Old Republic International SVP Carolyn Monroe reported several stock transactions involving company common shares.
Rhea-AI Filing Summary
Old Republic International SVP Carolyn Monroe reported several stock transactions involving company common shares. On May 12, 2026, she exercised employee stock options to acquire 19,314 shares at $24.79 per share and 30,060 shares at $19.81 per share under 2024 and 2023 option grants.
The company conducted a net exercise, withholding 36,044 shares at $39.22 to cover the option exercise price and related tax obligations, which is recorded as a tax-withholding disposition rather than an open-market sale. Monroe also completed an open-market sale of 13,330 shares at a weighted average price of $38.76, with individual trades executed between $38.68 and $38.87 per share.
The filing additionally shows indirect ownership of 2,106 shares held through an ORI 401(k) account, alongside her remaining direct holdings in Old Republic stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
MONROE CAROLYN
Role
SVP - Title Insurance
Sold
13,330 shs ($517K)
Approx. gross sale proceeds
$517K
Approx. exercise cost
$1.07M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 Employee Stock Option | 30,060 | $0.00 | $0.00 |
| Exercise | 2024 Employee Stock Option | 19,314 | $0.00 | $0.00 |
| Exercise | Common Stock | 30,060 | $19.81 | $595K |
| Exercise | Common Stock | 19,314 | $24.79 | $479K |
| Exercise Price or Tax Liability | Common Stock | 36,044 | $39.22 | $1.41M |
| Sale | Common Stock | 13,330 | $38.76 | $517K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2023 Employee Stock Option — 0 contracts (Direct);
2024 Employee Stock Option — 19,372 contracts (Direct);
Common Stock — 32,261 shares (Direct);
Common Stock — 2,106 shares (Indirect, By ORI 401K)
Footnotes (3)
- F1. Pursuant to a "net exercise" of outstanding stock options, the Issuer withheld a portion of the shares of common stock to be acquired upon exercise for payment of the exercise price and tax withholdings.
- F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.68 to $38.87, inclusive. A breakdown of each transaction will be provided upon request.
- F3. This grant became or becomes exercisable in three equal annual installments beginning on the date shown above.
Key Figures
Open-market sale: 13,330 shares at $38.76
Option exercise 2024 grant: 19,314 shares at $24.79
Option exercise 2023 grant: 30,060 shares at $19.81
+3 more
6 metrics
Open-market sale
13,330 shares at $38.76
Common Stock sale on May 12, 2026
Option exercise 2024 grant
19,314 shares at $24.79
2024 Employee Stock Option exercise into Common Stock
Option exercise 2023 grant
30,060 shares at $19.81
2023 Employee Stock Option exercise into Common Stock
Tax-withholding shares
36,044 shares at $39.22
Shares withheld for exercise price and taxes
Indirect 401(k) holding
2,106 shares
Common Stock held indirectly via ORI 401K
Sale price range
$38.68–$38.87
Price range for 13,330 sold shares
Key Terms
net exercise, tax-withholding disposition, weighted average price, Employee Stock Option, +1 more
5 terms
net exercise financial
"Pursuant to a "net exercise" of outstanding stock options, the Issuer withheld a portion..."
A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 36,044 Common Stock shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Employee Stock Option financial
"security_title: "2023 Employee Stock Option" and "2024 Employee Stock Option""
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
open-market sale financial
"transaction_action: "open-market sale" for 13,330 Common Stock shares"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ORI executive Carolyn Monroe report on this Form 4?
Carolyn Monroe reported exercising employee stock options for Old Republic shares, a net exercise with shares withheld for taxes and exercise price, and an additional open-market sale of common stock, all dated May 12, 2026, involving multiple transaction codes.
What option exercises did Carolyn Monroe report for Old Republic (ORI) stock?
Monroe exercised employee stock options covering 19,314 shares at $24.79 and 30,060 shares at $19.81. These exercises relate to 2024 and 2023 employee stock option grants that vest in three equal annual installments beginning on the dates specified in the filing.
Was tax withholding involved in Carolyn Monroe’s ORI Form 4 transactions?
Yes. The Form 4 shows a tax-withholding disposition of 36,044 shares at $39.22 per share. A footnote explains Old Republic withheld a portion of the shares acquired in a net option exercise to pay the exercise price and satisfy related tax withholding obligations.
Does Carolyn Monroe still hold Old Republic (ORI) stock after these transactions?
Yes. The Form 4 shows she continues to hold Old Republic shares directly and indirectly. It specifically discloses 2,106 shares held indirectly through an ORI 401(k) account, in addition to ongoing direct common stock ownership reported in the non-derivative holdings table.
How is the sale price range for Carolyn Monroe’s ORI stock sale described?
The filing reports a weighted average sale price of $38.76 per share. A footnote clarifies that individual trades occurred at prices ranging from $38.68 to $38.87, and that a detailed breakdown of each transaction can be provided to interested parties upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
