secwatch.observer — SEC 8-K summary
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Issuer:     OLD REPUBLIC INTERNATIONAL CORP (ORI)
CIK:        0000074260
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0000074260-24-000038
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old Republic grants RSUs and PSUs to four named executive officers
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74260/000007426024000038/0000074260-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74260/000007426024000038/ori-20240306.htm
  HTML page:      https://secwatch.observer/filing/0000074260-24-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer