Form 4: Orion Group Holdings CEO Travis Boone Reports Stock Transaction
SEC Form 4 Filing
Travis Boone, President & CEO of Orion Group Holdings, reports disposition of shares to cover tax obligations related to vesting of restricted stock.
Summary
- On August 15, 2024, Travis J. Boone, President & CEO of Orion Group Holdings, disposed of 55,540 shares of common stock to cover taxes due to the vesting of a portion of a restricted stock grant from August 15, 2022.
- The shares were disposed of at a price of $7.22 per share.
- Following the transaction, Boone directly owns 433,179 shares of Orion Group Holdings.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations arising from the vesting of restricted stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2022 | Date of restricted stock grant |
| 08/15/2024 | Date of transaction (disposal of shares to cover taxes) |
| 08/16/2024 | Date of signature on the Form 4 |
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