REED GLENN W 4
Research Summary
AI-generated summary
Old Republic (ORI) Director Glenn W. Reed Receives 1,918-Share Award
What Happened
- Glenn W. Reed, a director of Old Republic International Corp (ORI), was granted 1,918 restricted stock units (RSUs) on January 29, 2026. The grant is reported at $0.00 per share (total reported value $0) because these are RSUs, not an open-market purchase.
- The RSUs vest on the one-year anniversary of the grant. The filing was submitted on February 2, 2026.
Key Details
- Transaction date: 2026-01-29; Report filed: 2026-02-02 (Accession 0001182238-26-000002).
- Transaction type/code: A = Award/Grant of restricted stock units.
- Shares granted: 1,918 RSUs; reported price per share: $0.00; reported total value: $0.
- Vesting: Footnote F1 — RSUs vest one year after grant; director may elect to receive a portion in cash in lieu of shares to cover expected tax liabilities.
- Footnote F2: Indicates 1,615 shares were acquired through unreported exempt transactions under a dividend reinvestment plan (included in holdings referenced).
- Shares owned after the transaction: not specified in the Form 4 summary provided.
Context
- RSU grants are compensation awards that convert into shares at vesting; they are not an immediate open-market purchase and do not necessarily signal a near-term trading intent. The director has an option to receive cash instead of shares to satisfy tax withholding when the RSUs vest.