Form 4: Orion Properties Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Gary E. Landriau, Executive Vice President and Chief Investment Officer of Orion Properties Inc., sold shares to cover tax obligations related to vested restricted stock units.
Summary
- On March 22, 2025, Gary E. Landriau, an executive at Orion Properties Inc., disposed of 1,393 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of 3,751 restricted stock units.
- The shares were sold at a price of $2.31 per share.
- Following the transaction, Landriau directly owns 92,931 shares of Orion Properties Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock sale to cover tax obligations. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/22/2025 | Date of transaction: Sale of common stock. |
| 03/26/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Orion Properties Inc., ONL, Gary E. Landriau, Executive Compensation, Stock Sale, Tax Obligations, Restricted Stock Units
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