TAUBITZ FREDRICKA 4
Research Summary
AI-generated summary
Old Republic (ORI) Director Fredricka Taubitz Receives Award, Sells 754
What Happened Fredricka Taubitz, a director of Old Republic International Corp. (ORI), was granted 1,918 restricted stock units (RSUs) on 2026-01-29 (code A). To satisfy tax withholding obligations tied to the award, 754 shares were surrendered (code F) at an effective value of $39.05 per share, for a cash value of $29,444. The RSU grant is reported at $0.00 per share because it is an award (not an open-market purchase).
Key Details
- Transaction date: 2026-01-29; Form 4 filed: 2026-02-02.
- Award: 1,918 RSUs granted (reported at $0.00).
- Tax withholding/disposition: 754 shares surrendered at $39.05 each = $29,444.
- Shares owned after transaction: not disclosed in this filing.
- Footnotes: F1 — units are RSUs vesting on the one-year anniversary; recipient may elect cash in lieu of stock up to expected tax liability. F2 — shares were surrendered to satisfy tax liabilities (cashless withholding).
- Timeliness: Filing appears on 2026-02-02 for a 2026-01-29 transaction, which is later than the typical two-business-day Form 4 deadline.
Context This was an RSU grant plus routine tax-withholding (share surrender), not an open-market sale or a purchase indicating a change in investment stance. The surrendered shares represent cashless tax withholding to satisfy tax obligations when the award vests, per the filing footnotes.