Form 4: Orion Office REIT Executive Reports Stock Transaction Following Vesting

Christopher Haviland Day, an executive at Orion Office REIT, reports disposition of shares to cover tax obligations following the vesting of restricted stock units.

Summary

• On February 26, 2025, Christopher Haviland Day, Executive Vice President and COO of Orion Office REIT Inc. [ONL], disposed of 6,375 shares of common stock to cover tax obligations.
• The shares were disposed of at a price of $4.09 per share.
• This transaction occurred following the vesting of 20,141 shares of common stock pursuant to a restricted stock unit award agreement.
• After the transaction, Day directly owns 94,713.384 shares of Orion Office REIT Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey 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 that an executive disposed of shares to cover tax obligations related to vested stock, which is a common practice.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates