Form 4: Orion Properties Director Reginald Gilyard Reports Acquisition and Disposal of Common Stock

Director Reginald Gilyard reports acquiring 63,131 shares of Orion Properties common stock and disposing of 172,778 shares.

Summary

• Reginald Harold Gilyard, a director of Orion Properties Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 14, 2025, Gilyard acquired 63,131 shares of common stock at $0 and disposed of 172,778 shares.
• Following these transactions, Gilyard beneficially owns 172,778 shares of common stock directly.
• The acquisition represents restricted stock units (RSUs) granted to Gilyard, which vest on the earlier of the one-year anniversary of the grant date or the date of the next annual meeting, contingent on continued service.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.

Future Outlook

The vesting of the RSUs is contingent on Gilyard's continued service with the Issuer.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions may provide stakeholders with insights into the director's view of the company's prospects.

Key Dates

Keywords

Form 4, Beneficial Ownership, Orion Properties Inc., Gilyard, Director, Stock, RSU