Form 4: Orion Office REIT Executive Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Revea Lynn Schmidt, Senior Vice President and Chief Accounting Officer of Orion Office REIT, disposed of shares to cover tax obligations related to vested restricted stock units.
Summary
- On February 26, 2025, Revea Lynn Schmidt, a Senior Vice President and Chief Accounting Officer at Orion Office REIT Inc. (ONL), disposed of 4,782 shares of common stock to satisfy tax withholding obligations.
- The shares were disposed of at a price of $4.09 per share.
- This transaction followed the vesting of 15,106 shares of common stock pursuant to Schmidt's restricted stock unit award agreement.
- After the transaction, Schmidt directly owns 61,309 shares of Orion Office REIT Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes. It doesn't indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This provides transparency to the market regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: disposal of shares to cover tax obligations. |
| 02/28/2025 | Date of signature on the Form 4 filing. |
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