Old Republic grants RSUs and PSUs to four named executive officers on March 6, 2024
On March 6, 2024, Old Republic's Board and Compensation Committee granted restricted and performance-based stock units to four named executive officers under its 2022 Incentive Compensation Plan. The filing also amends the form of option award agreement to extend exercise rights for employees whose employing affiliate is divested, which matters to shareholders as a routine compensation update that sets performance criteria for future share payouts.
Key points
- RSU grants: Craig R. Smiddy 28,912 units; Frank J. Sodaro 9,032; W. Todd Gray 10,537; Stephen J. Oberst 12,042, vesting in three equal annual installments starting one year after the award
- PSU grants: Craig R. Smiddy 86,737 units; Frank J. Sodaro 27,100; W. Todd Gray 31,700; Stephen J. Oberst 36,250, tied to 3-year average operating ROE and 3-year book value per share total return, each weighted 50%
- Option award agreement amended so vested options in a divested affiliate can be exercised until the earlier of expiration or the fourth anniversary of the divestment
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 08, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.