Old Republic Board Approves New Executive Stock Incentives

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.

See more insights into ORI stock on TipRanks’ Stock Analysis page.