Form 4: Orion Group CEO Sells Shares for Tax Obligations
Insider Transaction Report
Orion Group Holdings CEO Travis Boone disposed of 10,534 shares of common stock to cover tax liabilities related to a restricted stock vesting.
Summary
- Travis J. Boone, Director, President & CEO of Orion Group Holdings Inc. (ORN), reported a transaction on March 20, 2026.
- The transaction involved the disposition of 10,534 shares of common stock at a price of $10.39 per share.
- The shares were withheld by the issuer to cover taxes payable by Mr. Boone due to the vesting of a portion of a restricted stock grant originally made on March 20, 2024.
- Following this transaction, Mr. Boone directly beneficially owns 723,862 shares of Orion Group Holdings Inc. common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine, non-discretionary transaction related to the vesting of restricted stock and tax obligations, which typically has a neutral impact on sentiment.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
StockSavvy.ai notes that this Form 4 filing details a routine insider transaction related to executive compensation and tax obligations, which is common across all industries and does not provide specific insights into broader industry trends or competitive positioning.
Related Party Transactions
- Disposition of 10,534 shares of common stock by CEO Travis J. Boone to Orion Group Holdings Inc. to cover tax liabilities arising from restricted stock vesting.
Stakeholder Impact
- Shareholders may note a minor reduction in insider holdings, but the transaction is for tax purposes and not indicative of discretionary selling.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of original restricted stock grant. |
| 03/20/2026 | Transaction date for disposition of shares to cover tax liability due to restricted stock vesting. |
Recommendation
holdThe transaction represents a non-discretionary sale of shares to cover tax liabilities upon the vesting of restricted stock, which is a common occurrence for executive compensation and does not reflect a change in the company's fundamentals or management's long-term outlook. Therefore, a 'hold' recommendation is appropriate based solely on this filing.
Keywords
Orion Group Holdings, ORN, Travis J. Boone, insider transaction, Form 4, restricted stock, tax withholding, CEO
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