Old Republic (NYSE: ORI) EVP surrenders shares for tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Old Republic International Executive Vice President Stephen J. Oberst surrendered 3,426 shares of common stock at $40.10 per share to cover tax liabilities on vesting restricted stock awards. This tax-withholding disposition is a routine, non‑market transaction. After these entries, he holds 37,398 shares directly and 109,720 shares indirectly through an ORI 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
OBERST STEPHEN J
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,426 | $40.10 | $137K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 37,398 shares (Direct);
Common Stock — 109,720 shares (Indirect, By ORI 401K)
Footnotes (1)
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FAQ
What insider transaction did ORI executive Stephen J. Oberst report?
Stephen J. Oberst reported surrendering 3,426 Old Republic International common shares at $40.10 each. The shares were delivered to satisfy tax liabilities arising from the vesting of previously granted restricted stock awards, rather than being sold in the open market.
Was Stephen J. Oberst’s ORI Form 4 transaction a stock sale?
The Form 4 shows a tax-withholding disposition, not an open-market sale. Oberst surrendered 3,426 shares to cover tax liabilities tied to vesting restricted stock awards, consistent with a code F transaction for payment of taxes using shares.
What does indirect ownership "By ORI 401K" mean in Stephen J. Oberst’s filing?
Indirect ownership "By ORI 401K" indicates shares held for Oberst through an ORI 401(k) plan rather than in a personal brokerage account. The Form 4 lists 109,720 Old Republic International shares as indirectly owned under this retirement plan arrangement.
What is the significance of transaction code F in Stephen J. Oberst’s ORI filing?
Transaction code F indicates shares were delivered to pay an exercise price or tax liability. In this case, Oberst used 3,426 Old Republic International shares to cover taxes on vesting restricted stock awards, a routine administrative step rather than a discretionary sale.