Form 4: Orion Office REIT Executive Sells Shares to Cover Tax Obligations

An Orion Office REIT executive sold 261 shares of common stock to cover tax obligations related to a vesting restricted stock unit award.

Summary

• Gary E. Landriau, an Executive Vice President and Chief Investment Officer at Orion Office REIT Inc., sold 261 shares of common stock on November 15, 2024.
• The sale was executed to cover tax obligations arising from the vesting of a restricted stock unit award.
• The shares were sold at a price of $3.83 per share.
• Following the transaction, Landriau directly owns 93,540 shares of Orion Office REIT Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, and is common in publicly traded companies.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly listed companies.
• The sale of 261 shares is a relatively small transaction and is unlikely to have a significant impact on the company's stock price or overall market perception.
• Similar transactions are regularly reported by executives at comparable REITs and other public companies.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Orion Office REIT, insider trading, stock sale, executive compensation, restricted stock units, tax obligations, ONL