Old Republic (ORI) SVP exercises 15,080 options and disposes shares in net exercise
Rhea-AI Filing Summary
OLD REPUBLIC INTERNATIONAL CORP senior vice president Carolyn Monroe exercised employee stock options for 15,080 shares of common stock at an exercise price of $34.16 per share. She acquired 15,080 common shares, then 13,292 shares were delivered or withheld for payment of the exercise price or tax liability at $42.47 per share, and 1,788 shares were sold at $42.26 per share. Following these transactions, she holds 30,206 shares directly and 2,123 shares indirectly through an ORI 401(k). A related option grant became exercisable in three equal annual installments beginning on the stated grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
MONROE CAROLYN
Role
SVP - Title Insurance
Sold
1,788 shs ($76K)
Approx. gross sale proceeds
$76K
Approx. exercise cost
$515K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2025 Employee Stock Option F2 | 15,080 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,080 | $34.16 | $515K |
| Exercise Price or Tax Liability | Common Stock F1 | 13,292 | $42.47 | $565K |
| Sale | Common Stock | 1,788 | $42.26 | $76K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2025 Employee Stock Option — 30,206 shares (Direct);
Common Stock — 32,261 shares (Direct);
Common Stock — 2,123 shares (Indirect, By ORI 401K)
Footnotes (2)
- 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. This grant became or becomes exercisable in three equal annual installments beginning on the date shown above.
Key Figures
Options Exercised: 15,080 shares
Option Exercise Price: $34.16 per share
Shares Withheld or Delivered: 13,292 shares
+4 more
7 metrics
Options Exercised
15,080 shares
Employee stock options exercised into common stock on 2026-08-11
Option Exercise Price
$34.16 per share
Exercise price of 2025 Employee Stock Option grant
Shares Withheld or Delivered
13,292 shares
Shares delivered or withheld at $42.47 for exercise price or tax liability
Shares Sold
1,788 shares
Common stock sold at $42.26 per share on 2026-08-11
Direct Holdings After
30,206 shares
Direct ownership of ORI common stock following reported transactions
Indirect Holdings After
2,123 shares
Indirect ownership through ORI 401(k) plan
Tax/Exercise Price Shares Value
$42.47 per share
Price applied to 13,292 shares for payment of exercise price or tax liability
Key Terms
net exercise, exercise price, tax withholdings, Employee Stock Option, +1 more
5 terms
net exercise financial
"Pursuant to a "net exercise" of outstanding stock options, the Issuer withheld"
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.
exercise price financial
"for payment of the exercise price and tax withholdings."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
tax withholdings financial
"for payment of the exercise price and tax withholdings."
Employee Stock Option financial
"security_title": "2025 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.
Rule 10b5-1 regulatory
"The filing’s Rule 10b5-1 checkbox is marked false, indicating no plan."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What did ORI executive Carolyn Monroe do in this Form 4 transaction?
Carolyn Monroe exercised 15,080 employee stock options at $34.16 per share, received the underlying common shares, then used and sold shares to cover exercise price and tax obligations, including a market sale of 1,788 shares.
At what price were Carolyn Monroe’s Old Republic (ORI) stock options exercised?
The employee stock options were exercised at an exercise price of $34.16 per share for 15,080 options. The underlying common shares were then partly used or withheld to cover the exercise cost and tax withholdings under a net exercise structure.
Were Carolyn Monroe’s Old Republic (ORI) trades under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is marked false, indicating these transactions were not affirmatively reported as made under a Rule 10b5-1 trading plan. No footnote describes any separate pre-arranged trading arrangement.
What does “net exercise” mean in Carolyn Monroe’s Old Republic (ORI) filing?
“Net exercise” here means a portion of the 15,080 shares received from option exercise was withheld or delivered—specifically 13,292 shares at $42.47—to pay the option exercise price and tax withholdings, rather than paying those amounts in cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.
