BOONE CHARLES S 4
4 · OLD REPUBLIC INTERNATIONAL CORP · Filed May 6, 2020
Insider Transaction Report
Form 4
BOONE CHARLES S
Sr. V.P. & Treasurer
Transactions
- Award
2020 Employee Stock Option
2020-05-06+35,000→ 35,000 totalExercise: $16.17From: 2020-05-06Exp: 2030-03-16→ Common Stock (35,000 underlying)
Footnotes (2)
- [F1]While the option was approved on 3/17/20, notice was not provided to the option holder until May 6, 2020.
- [F2]These shares vest and become exercisable each December 31 at the rate of 10% the first year, 15% the second year, 20% the third year, 25% the fourth year and 30% the fifth year. Also, vesting shall accelerate if the optionee dies, becomes disabled, retires or a change of control of the company occurs. For those optionees over age 65 and who have been employed for 10 years or more by the company on the date of the grant, 100% of the option shares vest immediately.