Craig R. Smiddy - Mar 6, 2024 Form 4 Insider Report for OLD REPUBLIC INTERNATIONAL CORP (ORI)

Signature
By Victoria Pool, Power of Attorney for Craig R. Smiddy
Stock symbol
ORI
Transactions as of
Mar 6, 2024
Transactions value $
-$55,311
Form type
4
Date filed
3/8/2024, 11:59 AM
Previous filing
Jun 1, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORI Common Stock Options Exercise $233K +14.5K +9.54% $16.06 167K Mar 6, 2024 Direct F1
transaction ORI Common Stock Tax liability -$288K -9.95K -5.98% $28.96 157K Mar 6, 2024 Direct F1, F2
holding ORI Common Stock 35.9K Mar 6, 2024 By 401K

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 2014 Employee Stock Option Options Exercise $0 -14.5K -100% $0.00* 0 Mar 6, 2024 Common Stock 14.5K $16.06 Direct
transaction ORI 2024 Employee Stock Option Award +186K 186K Mar 6, 2024 Common Stock 186K $29.29 Direct F3
transaction ORI 2024 Restricted Stock Unit Award +28.9K 28.9K Mar 6, 2024 Common Stock 28.9K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 128,690 unvested RSAs.
F2 Pursuant to a "net exercise" of outstanding stock options, the Company withheld a portion of the shares of common stock to be acquired upon exercise for payment of the exercise price and tax withholdings.
F3 The 2024 Employee Stock Option award is subject to certain forfeiture conditions and vests in three equal annual installments beginning March 6, 2025.
F4 Each 2024 Restricted Stock Unit represents a right to receive one share of ORI's common stock. Subject to certain forfeiture conditions, the 2024 Restricted Stock Unit award vests in three equal annual installments beginning March 6, 2025.