Form 4: Orion Office REIT Inc. Executive Acquires and Disposes of Shares

Paul C. Hughes, General Counsel & Secretary of Orion Office REIT Inc., reports acquiring and disposing of shares, including restricted stock units, in a recent transaction.

Summary

• On March 5, 2024, Paul C. Hughes, General Counsel & Secretary of Orion Office REIT Inc., reported a transaction involving the company's common stock.
• Hughes acquired 45,317 shares of common stock and disposed of 74,407 shares.
• Following the reported transactions, Hughes beneficially owns 74,407 shares of Orion Office REIT Inc.
• The acquisition of 45,317 shares reflects restricted stock units awarded on March 5, 2024, which vest ratably over three years from February 26, 2024, contingent upon continued service.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing executive stock transactions, which is neutral in sentiment.

Future Outlook

The restricted stock units vest ratably on each of the first, second and third anniversaries of February 26, 2024, subject to the Reporting Person's continued service with the Issuer through such applicable vesting date.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages. Form 4 filings are a standard regulatory requirement to ensure transparency in insider trading.

Stakeholder Impact

• Shareholders are informed about executive stock transactions, providing transparency into management's holdings.
• The vesting schedule of restricted stock units incentivizes continued service of the executive.

Key Dates