Form 4: Orion Office REIT Executive Paul Hughes Reports Stock Disposal to Cover Tax Obligations

Paul Hughes, General Counsel & Secretary of Orion Office REIT, disposed of 6,908 shares of common stock on February 26, 2025, to cover tax obligations related to vested restricted stock units.

Summary

• On February 26, 2025, Paul C. Hughes, General Counsel & Secretary of Orion Office REIT Inc. (ONL), disposed of 6,908 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations related to the vesting of 15,106 restricted stock units.
• The shares were disposed of at a price of $4.09 per share, which was the closing sale price of ONL's common stock on the New York Stock Exchange on that date.
• Following the transaction, Hughes directly owns 64,304 shares of Orion Office REIT Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions by a company insider to cover tax obligations. It doesn't inherently indicate 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 standard practice of covering tax obligations related to equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.

Key Dates