Old Republic International (ORI) executive compensation, 2026 proxy

Craig R. Smiddy, President and Chief Executive Officer, was paid $8.2M in 2025, up 7% from $7.7M the year before. The CEO-to-median-employee pay ratio was 98:1, on median employee pay of $83,798.

Filed
March 31, 2026
Annual meeting
May 21, 2026
Pay year
2025
Named executives
5
CEO total pay
$8.2M+7% vs prior year
CEO to median employee
98:1median $83,798
CEO pay in equity
61%$5M in awards
Prior say-on-pay support
97%of votes cast
CEO Target Bonus
$1,980,769PRP target opportunity
Say-on-Pay Support
97%Prior year support
Median Employee Pay
$83,798Total annual compensation

How Smiddy was paid

$8.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary12%Stock awards49%Option awards12%Non-equity incentive26%All other compensation1%

Named executive officers

ExecutiveTotal
Craig R. SmiddyPresident and Chief Executive Officer$8,238,993
Frank J. SodaroSenior Vice President and Chief Financial Officer$3,040,493
W. Todd GrayExecutive Vice President and Treasurer$3,525,770
Carolyn MonroeSenior Vice President — Title$3,190,081
Stephen J. OberstExecutive Vice President$3,963,125

What changed and why

  • $8.2MCEO total compensation increased to $8,238,993 in fiscal 2025 from $7,679,154 in fiscal 2024.
  • Executive officers do not have employment agreements and serve as employees-at-will.
  • Equity compensation includes both restricted stock units and performance-based restricted stock units.
  • The CEO to median employee pay ratio was 98 to 1.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.