Form 4: Orion Office REIT Director Reginald Harold Gilyard Reports Acquisition of Restricted Stock Units

Director Reginald Harold Gilyard reports the acquisition of restricted stock units in Orion Office REIT Inc.

Summary

• On May 15, 2024, Reginald Harold Gilyard, a director of Orion Office REIT Inc., acquired 33,422 restricted stock units (RSUs).
• These RSUs were granted pursuant to the Issuer's equity plan.
• The RSUs vest in full on the earlier of (i) the one-year anniversary of the grant date or (ii) the date of the annual meeting of the Issuer's stockholders next following the grant date, subject to continued service with the Issuer.
• Following the transaction, Gilyard beneficially owns 69,647 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider confidence.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future.

Future Outlook

The RSUs vest in the future, contingent on continued service, indicating a long-term incentive for the director.

Industry Context

This filing is a routine disclosure related to executive compensation and aligns with standard practices for publicly traded companies.

Stakeholder Impact

• The granting of RSUs aligns the director's interests with those of the shareholders.

Key Dates