Craig R. Smiddy - 06 Mar 2024 Form 4 Insider Report for OLD REPUBLIC INTERNATIONAL CORP (ORI)

Role: President & CEO, Director
Signature: By Victoria Pool, Power of Attorney for Craig R. Smiddy
Issuer symbol: ORI
Transactions as of: 06 Mar 2024
Net transactions value: -$55,311
Form type: 4
Filing time: 08 Mar 2024, 11:59:18 UTC
Previous filing: 01 Jun 2023
Next filing: 19 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ORI	Common Stock	Options Exercise	$232,870	+14,500	+9.5%	$16.06	166,502	06 Mar 2024	Direct	F1
transaction	ORI	Common Stock	Tax liability	$288,181	-9,951	-6%	$28.96	156,551	06 Mar 2024	Direct	F1, F2
holding	ORI	Common Stock						35,878	06 Mar 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	-14,500	-100%	$0.000000^*	0	06 Mar 2024	Common Stock	14,500	$16.06	Direct
transaction	ORI	2024 Employee Stock Option	Award		+186,479			186,479	06 Mar 2024	Common Stock	186,479	$29.29	Direct	F3
transaction	ORI	2024 Restricted Stock Unit	Award		+28,912			28,912	06 Mar 2024	Common Stock	28,912		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.