Form 4: Orion Office REIT Executive Vice President Gary E. Landriau Reports Changes in Beneficial Ownership

Gary E. Landriau, Executive Vice President and Chief Investment Officer of Orion Office REIT, reports the disposition of 3,661 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• On March 7, 2024, Gary E. Landriau, Executive Vice President and Chief Investment Officer of Orion Office REIT Inc. (ONL), disposed of 3,661 shares of common stock.
• The disposition was due to the withholding of shares to cover tax obligations related to the vesting of restricted stock units.
• The price per share was $3.52, reflecting the closing sale price of ONL's common stock on the New York Stock Exchange on March 7, 2024.
• Following the transaction, Landriau directly owns 95,158 shares of Orion Office REIT Inc.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions for tax purposes, so it doesn't inherently indicate positive or negative sentiment. It's a neutral event.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units and the subsequent sale of shares to cover tax obligations, a common practice among executives.

Stakeholder Impact

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

Key Dates