Form 4: Orion Properties Executive Day Christopher Haviland Reports Stock Disposal Due to Tax Withholding
SEC Form 4
Day Christopher Haviland, an executive at Orion Properties Inc., reports disposing of 989 shares of common stock to cover tax obligations related to vested restricted stock units.
Summary
- On March 22, 2025, Day Christopher Haviland, Executive Vice President and COO of Orion Properties Inc., disposed of 989 shares of common stock.
- The transaction was due to the withholding of shares to cover taxes related to the vesting of restricted stock units.
- The price per share was $2.31, based on the closing sale price on the New York Stock Exchange on March 21, 2025.
- Following the transaction, Haviland directly owns 91,419.384 shares of Orion Properties Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider stock transactions, and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing reflects a common practice of disposing of shares to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it is a small number of shares being disposed of by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/21/2025 | Closing sale price of Orion Properties Inc. Common Stock on the New York Stock Exchange. |
| 03/22/2025 | Date of transaction: disposal of 989 shares of common stock. |
| 03/26/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Orion Properties Inc., ONL, Day Christopher Haviland, Executive Compensation, Stock Disposal, Restricted Stock Units, Tax Withholding, Insider Trading
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