Form 4: Orion Office REIT Executive Gavin Brandon Reports Changes in Beneficial Ownership

Gavin Brandon, an executive at Orion Office REIT, reports a transaction involving common stock due to withholding on vested restricted stock units.

Summary

• On March 22, 2024, Gavin Brandon, Executive Vice President, Chief Financial Officer, and Treasurer of Orion Office REIT Inc. (ONL), reported a transaction involving the company's common stock.
• The transaction involved the disposal of 1,360 shares to cover withholding taxes related to the vesting of 5,159 restricted stock units.
• The price per share for the transaction was $3.34, reflecting the closing sale price of ONL's common stock on the New York Stock Exchange on March 22, 2024.
• Following the transaction, Brandon directly owns 131,832 shares of Orion Office REIT Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a common practice of covering tax obligations related to vested equity awards.

Stakeholder Impact

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

Key Dates