ORN.NYSEOrion Group Holdings INC

Form 4: Orion Group CEO Sells Shares for Tax Obligations

Sentiment:

Insider Transaction Report

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Orion Group Holdings CEO Travis J. Boone disposed of 55,306 shares of common stock to cover tax obligations related to a restricted stock vesting.

Summary

  • Travis J. Boone, President & CEO and Director of Orion Group Holdings Inc. (ORN), reported a disposition of shares.
  • On August 15, 2025, 55,306 shares of common stock were disposed of at a price of $6.75 per share.
  • This transaction was identified as a 'disposition to cover taxes' (Transaction Code F).
  • The shares were withheld to cover taxes payable by Mr. Boone due to the vesting of a portion of a restricted stock grant originally issued on August 15, 2022.
  • Following this transaction, Mr. Boone directly beneficially owns 501,222 shares of Orion Group Holdings common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax liabilities upon restricted stock vesting, which is a common and expected event for executive compensation and does not indicate a change in sentiment or company performance.

Future Outlook

No forward-looking statements or guidance are provided in this insider transaction report.

Management Comments

  • The transaction reflects a reduction of shares of restricted stock withheld to cover taxes payable by the reporting person due to the August 15, 2025 vesting of a portion of the August 15, 2022 restricted stock grant.

Industry Context

This filing is a company-specific insider transaction report and does not provide broader industry context or trends.

Stakeholder Impact

  • Minimal impact on shareholders as this is a routine, compensation-related transaction and does not signal a change in company fundamentals or management's confidence.

Key Dates

DateDescription
08/15/2022Original grant date of restricted stock.
08/15/2025Vesting date of restricted stock and transaction date for shares disposed to cover taxes.
08/19/2025Filing date of the Form 4.

Recommendation

hold

This Form 4 reports a routine disposition of shares by the CEO to cover tax obligations associated with the vesting of restricted stock. Such transactions are common and do not typically signal a change in the company's fundamentals or management's long-term outlook. Therefore, the filing itself does not warrant a change in investment recommendation.

Keywords

Orion Group Holdings, ORN, Travis J. Boone, insider transaction, Form 4, stock disposition, restricted stock, CEO, director, tax withholding

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