Form 4: Orion Office REIT Executive Paul C. Hughes Reports Stock Disposal for Tax Withholding
SEC Form 4 Filing
Paul C. Hughes, General Counsel & Secretary of Orion Office REIT Inc., reports disposing of 1,142 shares of common stock to cover tax obligations related to vested restricted stock units.
Summary
- On March 22, 2024, Paul C. Hughes, General Counsel & Secretary of Orion Office REIT Inc., disposed of 1,142 shares of common stock.
- The transaction was executed to cover 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, Hughes directly owns 70,227 shares of Orion Office REIT Inc.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is related to tax obligations from vested stock, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of transaction: disposal of 1,142 shares of common stock. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.