Form 4: Orion Office REIT Inc. Executive Paul C. Hughes Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Paul C. Hughes, General Counsel & Secretary of Orion Office REIT Inc., reports the disposition of 3,038 shares of common stock to cover tax obligations related to vested restricted stock units.
Summary
- On March 7, 2024, Paul C. Hughes, General Counsel & Secretary of Orion Office REIT Inc. (ONL), disposed of 3,038 shares of common stock.
- The disposition was due to the satisfaction of tax obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $3.52 per share.
- Following the transaction, Hughes directly owns 71,369 shares of Orion Office REIT Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an insider's stock disposition for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of transaction: disposition of 3,038 shares of common stock. |
| 03/11/2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.