LEROY SPENCER III 4

What Happened

• Leroy Spencer III, a director of Old Republic International Corp (ORI), received a grant of 1,918 restricted stock units (RSUs) on January 29, 2026. The grant price reported is $0, so there was no cash purchase; the total immediate cash value shown is $0. This is an equity award (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-01-29 (Period of Report); Form 4 filed 2026-02-02 (timely filing).
• Award: 1,918 RSUs at $0.00 (reported acquisition value $0).
• Vesting/tax note: Footnote indicates RSUs vest on the one‑year anniversary of the grant. Prior to vesting, the director may elect to receive a portion of the award in cash in lieu of shares to cover expected tax liability (up to the expected liability based on maximum individual statutory tax rates).
• Shares owned after transaction: Not specified in the summary provided on this filing.
• Transaction type: Award/grant (A) — not a purchase (P) or sale (S).

Context

• RSU grants to directors are a common form of compensation and do not represent a market purchase or sale by the insider. The award will convert to shares (or cash in lieu for tax withholding) upon vesting one year after the grant date.