Form 4: Orion Group Holdings Executive Sells Shares to Cover Taxes After Stock Vesting

An Orion Group Holdings executive sold 5,001 shares of common stock to cover taxes due after a portion of a restricted stock grant vested.

Summary

• Earle Edward Chipman, an Executive Vice President and General Counsel at Orion Group Holdings, sold 5,001 shares of common stock on November 27, 2024.
• The sale was executed to cover taxes associated with the vesting of a portion of a restricted stock grant from November 27, 2023.
• The shares were sold at a price of $8.77 per share.
• Following the transaction, Mr. Chipman directly owns 81,234 shares of Orion Group Holdings common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly when restricted stock units vest.
• The sale of shares to cover tax obligations is a standard practice and does not indicate any unusual activity.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover taxes.

Key Dates

Keywords

Orion Group Holdings, stock sale, insider trading, restricted stock, executive compensation, Earle Edward Chipman, ORN