Form 4: Orion Office REIT Executive Haviland Day Reports Stock Disposal for Tax Withholding

Christopher Haviland Day, an executive at Orion Office REIT, disposed of 989 shares of common stock on March 22, 2024, to cover tax obligations related to vested restricted stock units.

Summary

• On March 22, 2024, Christopher Haviland Day, an Executive Vice President and Chief Operating Officer at Orion Office REIT Inc. (ONL), disposed of 989 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
• The shares were disposed of at a price of $3.34 per share.
• Following the transaction, Day directly owns 97,690.333 shares of Orion Office REIT Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. This provides transparency to the market regarding the transactions of those with privileged information.

Stakeholder Impact

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

Key Dates