An update from Old Republic International Corp. (ORI) is now available.
Old Republic International Corporation’s Board of Directors has approved new stock-based incentives for their executive officers, granting both restricted stock units (RSUs) and performance-based stock units (PSUs) with the potential for shares and cash payouts based on vesting terms and performance criteria over a three-year period. The RSUs vest over three years and the PSUs are contingent on achieving certain return objectives, with a structure that rewards executives for surpassing performance thresholds. The incentive plan also outlines provisions for grantees in the event of death, retirement, disability, divestment, or a change in company control, ensuring a continuation of vested interests under specified conditions. Additionally, the company has amended its option award agreement to accommodate scenarios involving divestment.
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