Form 4: Orion Office REIT Inc. Director Paul McDowell Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Paul McDowell, a director and officer of Orion Office REIT Inc., disposed of shares to cover tax obligations related to vested restricted stock units.
Summary
- On February 26, 2025, Paul H. McDowell, a director and officer (Chief Executive Officer, President) of Orion Office REIT Inc. (ONL), disposed of 23,269 shares of common stock to satisfy tax obligations.
- The shares were disposed of at a price of $4.09 per share.
- This transaction was related to the vesting of restricted stock units.
- Following the transaction, McDowell directly owns 292,092 shares of Orion Office REIT Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a transaction to cover tax obligations, which is a routine event.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) trade in their company's stock. This filing indicates a transaction by a company insider, which is a common occurrence.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: Disposal of common stock. |
| 02/28/2025 | Date of signature on the Form 4 filing. |
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