Form 4: Orion Office REIT CFO Gavin Brandon Reports Stock Disposal Due to Tax Withholding

Gavin Brandon, CFO of Orion Office REIT, disposed of 3,843 shares of common stock on March 7, 2024, to cover tax obligations related to vested restricted stock units.

Summary

• On March 7, 2024, Gavin Brandon, the Executive Vice President, Chief Financial Officer, and Treasurer of Orion Office REIT Inc. (ONL), disposed of 3,843 shares of common stock.
• The disposal was due to tax withholding requirements related to the vesting of 12,142 shares of common stock from a restricted stock unit award.
• The transaction was executed at a price of $3.52 per share.
• Following the transaction, Brandon directly owns 133,192 shares of Orion Office REIT Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates