Form 4: Orion Group Holdings Director Michael J. Caliel Increases Stake in Company

Director Michael J. Caliel increased his holdings in Orion Group Holdings through open market purchases on March 6th and 7th, 2024.

Summary

• On March 6, 2024, Michael J. Caliel, a director of Orion Group Holdings Inc. (ORN), purchased 2,430 shares of common stock at a weighted average price of $7.07 per share.
• These shares were bought in multiple transactions with prices ranging from $7.07 to $7.08.
• Following this transaction, Caliel directly owned 180,422 shares of Orion Group Holdings.
• On March 7, 2024, Caliel purchased an additional 4,578 shares at $7.18 per share, bringing his total direct ownership to 185,000 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director buying shares suggests confidence, but it's a relatively small transaction.

Positives

• A director increasing their stake in the company can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when company insiders, like directors, buy or sell shares of their company's stock. It provides transparency to the market regarding insider transactions.

Stakeholder Impact

• Shareholders may view the director's stock purchase as a positive signal.

Key Dates