Form 4: Orion Office REIT Executive Gavin Brandon Reports Stock Disposal for Tax Obligations

Gavin Brandon, Executive Vice President, Chief Financial Officer and Treasurer of Orion Office REIT, disposed of 8,307 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• On February 26, 2025, Gavin Brandon, an executive at Orion Office REIT Inc. (ONL), disposed of 8,307 shares of common stock.
• The transaction was executed to cover tax obligations arising from the vesting of 27,694 restricted stock units.
• The shares were disposed of at a price of $4.09 per share, equivalent to the closing sale price of ONL's common stock on the New York Stock Exchange on that date.
• Following the transaction, Brandon directly owns 126,394 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 about the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives, buy or sell their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value.

Stakeholder Impact

• The stock disposal has a minor impact on shareholders as it is a small percentage of the total outstanding shares.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates