Form 4: Orion Office REIT Inc. Executive Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Revea Lynn Schmidt, Senior Vice President and Chief Accounting Officer of Orion Office REIT Inc., disposed of 278 shares of common stock on March 22, 2024, to satisfy tax withholding obligations related to vested restricted stock units.
Summary
- On March 22, 2024, Revea Lynn Schmidt, Senior Vice President, Chief Accounting Officer of Orion Office REIT Inc. (ONL), disposed of 278 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of 1,055 restricted stock units.
- The shares were disposed of at a price of $3.34 per share.
- Following the transaction, Schmidt directly owns 65,878 shares of Orion Office REIT Inc.
- The transaction was reported on a Form 4 filing with the SEC on March 26, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction for covering tax obligations related to vested stock.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of transaction: Disposal of 278 shares of common stock. |
| 03/26/2024 | Date of Form 4 filing with the SEC. |
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