Form 4: Orion Group Holdings Director Acquires Additional Shares
SEC Form 4 Filing
Mary E. Sullivan, a director at Orion Group Holdings, recently purchased 10,695 shares of common stock at a price of $9.35 per share.
Summary
- On May 16, 2024, Mary E. Sullivan, a director of Orion Group Holdings Inc. [ORN], acquired 10,695 shares of common stock.
- The purchase price was $9.35 per share.
- Following the transaction, Sullivan directly owns 246,187 shares of Orion Group Holdings Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a single transaction and doesn't provide a comprehensive view of the company's overall health.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as insider buying is often viewed favorably.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Mary E. Sullivan acquired shares of Orion Group Holdings Inc. |
| 05/20/2024 | Date of signature on the Form 4 filing. |
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