Bateman Steven J 4
Research Summary
AI-generated summary
Old Republic (ORI) Director Steven Bateman Receives Restricted Stock Award
What Happened
Steven J. Bateman, a director of Old Republic International Corp. (ORI), was granted 1,918 restricted stock units (RSUs) on January 29, 2026. The filing reports the acquisition at $0.00 (a non-cash award). RSUs are scheduled to vest on the one-year anniversary of the grant.
Key Details
- Transaction date: 2026-01-29; reported on Form 4 filed 2026-02-02. Filing appears timely (filed on the second business day after the grant).
- Shares/units granted: 1,918 RSUs; reported acquisition price: $0.00 (award).
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: The RSUs vest one year after grant. Prior to vesting, the reporting person may elect to receive cash in lieu of shares to cover expected tax liabilities up to the estimated maximum statutory tax amount.
- Transaction type: Award/grant (code A) — this is compensation-related, not an open-market purchase.
Context
RSU grants are a common form of director/executive compensation and do not necessarily signal a buy or sell decision by the insider. The footnote indicates a cash-in-lieu option to cover taxes upon vesting, which is an administrative feature to provide liquidity for tax obligations.