OBERST STEPHEN J 4

What Happened

• Stephen J. Oberst, Executive Vice President of Old Republic International Corp., had 4,010 restricted stock units (RSUs) convert into 4,010 common shares on March 6, 2026. To cover tax withholding on the vesting, 1,232 of those shares were surrendered at $42.07 per share, totaling $51,830. Net shares issued to Oberst from this vesting were 2,778 (4,010 converted minus 1,232 surrendered). The RSUs convert on a one-for-one basis and have no cash exercise price.

Key Details

• Transaction date: March 6, 2026; Form filed March 10, 2026 (timely).
• Conversion/exercise code: M (conversion of derivative/RSUs); tax withholding code: F (surrender to cover tax liability).
• Shares involved: 4,010 RSUs converted; 1,232 shares surrendered for taxes at $42.07/share = $51,830; net +2,778 shares retained.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: F1—RSUs convert 1:1 into common stock; F2—reporting person also holds 11,690 unvested Restricted Stock Awards; F3—surrendered shares used to cover tax liability from vesting; F4—these RSUs were part of a March 6, 2024 grant that vests in three equal annual installments beginning March 6, 2025.

Context

• This was a vesting/conversion of RSUs with a routine tax-withholding share surrender (common practice), not an open-market sale or purchase. The conversion had no out-of-pocket exercise cost; shares were surrendered solely to satisfy tax withholding. Such filings document insider compensation events rather than active market buying or selling decisions.