LANGE JEFFREY 4

What Happened

• Jeffrey Lange, Senior Vice President — Underwriting & Distribution at Old Republic (ORI), had 2,752 restricted stock units (RSUs) convert into 2,752 common shares on March 11, 2026. Of those, 725 shares were surrendered to cover tax withholding at $40.65 per share (total value reported $29,471). Net shares retained from this vesting were 2,027.
• This was a vesting/conversion of equity awards, not an open-market purchase or sale. Such transactions are routine compensation events, not necessarily a buy/sell signal.

Key Details

• Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (timely; Form 4 is typically due within 2 business days).
• Reported entries: conversion/exercise of derivative (RSU) for 2,752 shares (acquired); surrender of 725 shares for tax withholding at $40.65/share = $29,471; a separate derivative disposition line at $0 reflects the accounting entries tied to the RSU conversion.
• Net shares received: 2,027 (2,752 vested − 725 withheld for taxes).
• Footnotes: F1 notes RSUs convert one-for-one into common stock. F3 confirms the 725-share surrender was to cover tax liability. F4: these RSUs were granted Mar 11, 2025 and vest in three equal annual installments beginning Mar 11, 2026. F2 indicates the reporting person still has 8,350 unvested restricted stock awards.
• Filing timeliness: Filed within the normal 2-business-day window; not flagged as late.

Context

• For retail investors: this is a standard vesting/tax-withholding event (award conversion and share surrender). It is not an open-market sale or buy that indicates the insider is trading on a view of the stock.
• Derivative explanation: The RSUs are derivatives that converted to common shares (reported under code M). The tax withholding was done by surrendering shares (reported under code F), a common practice that avoids a cash payment for taxes.