Form 4: Orion Office REIT Executive Haviland Day Reports Stock Transaction
SEC Form 4
Christopher Haviland Day, an executive at Orion Office REIT, reported the disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 7, 2024, Christopher Haviland Day, Executive Vice President and Chief Operating Officer of Orion Office REIT Inc. [ONL], disposed of 2,795 shares of common stock to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $3.52 per share.
- Following the transaction, Day directly owns 98,679.333 shares of Orion Office REIT Inc.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to compensation and tax obligations, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of the stock transaction (disposal of shares). |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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