leadership
confidence high
sentiment neutral
materiality 0.50
Old Republic grants RSUs and PSUs to four named executive officers
OLD REPUBLIC INTERNATIONAL CORP
- RSUs: Smiddy 28,912, Sodaro 9,032, Gray 10,537, Oberst 12,042; vest in 3 equal annual installments.
- PSUs: Smiddy 86,737, Sodaro 27,100, Gray 31,700, Oberst 36,250; 3-year performance period.
- PSU performance criteria: 3-Year Avg Operating ROE (6%-18%) and 3-Year Book Value CAGR (6%-18%), each 50% weighting.
- Awards under 2022 Incentive Compensation Plan; accelerate on retirement at 65/10 yrs, death, disability, or divestiture.
- Option award form amended to allow exercise up to 4 years post-divestiture of employing affiliate.