Form 4: Orion Office REIT Director Kathleen Allen Transfers Shares to Trust
SEC Form 4
Director Kathleen Allen transferred shares of Orion Office REIT Inc. to a trust benefiting her children.
Summary
- On September 20, 2024, Kathleen Allen, a director of Orion Office REIT Inc., transferred 18,349 shares of common stock to a trust for no consideration.
- Following the transaction, Allen directly owns 26,738 shares and indirectly owns 37,170 shares through the trust.
- The trust benefits Allen's children, and she serves as a co-trustee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a share transfer, which is neutral in sentiment.
Industry Context
This filing reflects routine transactions related to executive compensation and estate planning, common among publicly traded companies.
Related Party Transactions
- The transfer of shares to a trust benefiting the director's children constitutes a related party transaction.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders as it is a transfer of ownership for estate planning purposes.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Date of the share transfer transaction. |
| 09/24/2024 | Date of signature by power of attorney. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.