Craig R. Smiddy - May 26, 2022 Form 4 Insider Report for OLD REPUBLIC INTERNATIONAL CORP (ORI)

Signature
William J. Dasso, Power of Attorney for Craig R. Smiddy
Stock symbol
ORI
Transactions as of
May 26, 2022
Transactions value $
$0
Form type
4
Date filed
5/27/2022, 05:02 PM
Previous filing
Jan 7, 2022
Next filing
Mar 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORI Common Stock Award $0 +70K +815.4% $0.00 78.6K May 26, 2022 Direct F1
holding ORI Common Stock 26.8K May 26, 2022 By ESSOP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ORI 2022 Employee Stock Option Award $0 +180K $0.00 180K May 26, 2022 Common Stock 180K $25.49 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These awards were issued under the Old Republic International 2022 Incentive Compensation Plan (the "2022 Plan"). While these awards were conditionally approved on March 10, 2022, they did not become effective until the Company's shareholders approved the 2022 Plan on May 26, 2022. The Common Stock award is restricted and subject to certain forfeiture conditions and vests in three equal installments beginning March 10, 2023. No consideration was paid for these shares, although they were awarded when the Common Stock was valued at $25.49 per share. The 2022 Employee Stock Option award is subject to certain forfeiture conditions and vests in three equal annual installments beginning March 10, 2023.