KENNEDY MICHAEL DENARD 4

What Happened Kennedy Michael Denard, a director of Old Republic International Corp (ORI), received a grant of 1,918 restricted stock units (RSUs) on 2026-01-29. The grant was reported at $0.00 per share (total reported value $0) — this is an equity award, not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-01-29 — Award/Grant of 1,918 RSUs at $0.00 per share.
• Reported value: $0 (typical for RSU grants where no cash changes hands at grant).
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnote: RSUs vest on the one-year anniversary of the grant; the director may elect to receive a portion in cash (in lieu of stock) prior to vesting to cover expected tax liabilities.
• Filing timeliness: Form 4 was filed 2026-02-02 for a 2026-01-29 transaction; this appears to be filed after the usual two-business-day deadline.

Context RSUs are a form of compensation that convert to shares (or cash) on vesting; they do not reflect an immediate buy or sell decision. The footnote indicates a cash-in-lieu option to cover taxes, which is a common administrative feature and not a market signal.