Form 4: Orion Office REIT Executive Gary E. Landriau Reports Stock Disposal for Tax Withholding

Gary E. Landriau, an executive at Orion Office REIT, disposed of 1,357 shares of common stock on March 22, 2024, to cover tax obligations related to vested restricted stock units.

Summary

• On March 22, 2024, Gary E. Landriau, Executive Vice President and Chief Investment Officer of Orion Office REIT Inc. (ONL), disposed of 1,357 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations related to the vesting of 3,752 restricted stock units.
• The shares were disposed of at a price of $3.34 per share, based on the closing sale price of ONL common stock on the New York Stock Exchange on that date.
• Following the transaction, Landriau directly owns 93,801 shares of Orion Office REIT Inc.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations. It doesn't indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations arising from vested stock awards, a common practice.

Key Dates