MCNITT PETER 4
Research Summary
AI-generated summary
Old Republic (ORI) Director Peter McNitt Receives RSU Award
What Happened
Peter McNitt, a director of Old Republic International Corporation (ORI), received a grant of 1,918 restricted stock units (RSUs) on 2026-01-29. To satisfy tax withholding tied to the award, 449 shares were surrendered (disposed) at an indicated price of $39.05 per share, totaling $17,533. The grant (code A) is an award, not a purchase; the share surrender (code F) was a routine tax-withholding action.
Key Details
- Transaction date: 2026-01-29.
- Award: 1,918 RSUs granted (Transaction code A).
- Tax withholding: 449 shares surrendered at $39.05 each, proceeds/value $17,533 (Transaction code F).
- Shares owned after the transaction: Not specified in the provided filing.
- Footnotes: F1 — RSUs vest on the one-year anniversary of the grant; the reporting person may elect cash in lieu of shares up to expected tax liability. F2 — Shares were surrendered to satisfy tax liabilities on vesting.
- Timeliness: Filing dated 2026-02-02 appears to be timely (within the SEC’s two-business-day Form 4 window).
Context: This filing documents an equity award (RSUs) and a routine cashless withholding of shares to cover taxes. Such withholdings are common and do not necessarily indicate a change in the director’s market view.