LANGE JEFFREY 4

What Happened

• Jeffrey Lange, SVP — Underwriting & Distribution at Old Republic International Corp (ORI), had 3,008 restricted stock units (RSUs) convert into common stock on March 6, 2026. To satisfy tax withholding, he surrendered 867 of those shares at $42.07 each for a total withholding of $36,475. Net shares retained by Lange from this vesting: 2,141 shares.

Key Details

• Transaction date: March 6, 2026 (reported on Form 4 filed March 10, 2026).
• Conversion/exercise: 3,008 shares (RSUs converting 1-for-1; reported as derivative exercise, code M). No cash exercise price (reported $0.00 / N/A).
• Tax withholding/sale: 867 shares sold/surrendered at $42.07 → $36,475 (reported under code F).
• Net shares delivered to insider: 3,008 − 867 = 2,141 shares.
• Shares owned after transaction: not specified in the filing. The filing notes inclusion of 8,350 unvested restricted stock awards.
• Footnotes of note:
  • F1: RSUs convert one-for-one into common stock.
  • F3: Surrender of shares to cover tax liability for the vesting of previously granted RSUs.
  • F4: The RSUs stem from a March 6, 2024 grant that vests in three equal annual installments beginning March 6, 2025.
• Filing timeliness: Form 4 was filed March 10 for transactions on March 6 — this exceeds the 2-business-day Form 4 reporting window.

Context

• These transactions reflect the ordinary vesting of RSUs and a standard cashless tax withholding (surrendering shares to cover taxes), not an open-market purchase or an opportunistic sale. Transaction codes: M = exercise/conversion of a derivative (here, RSU conversion), F = shares withheld/surrendered to satisfy tax withholding.