Form 4: Orion Properties Executive Vice President Reports Stock Disposal for Tax Withholding

Gary E. Landriau, Executive Vice President and Chief Investment Officer of Orion Properties Inc., disposed of 3,332 shares of common stock on March 7, 2025, to cover tax obligations related to vested restricted stock units.

Summary

• On March 7, 2025, Gary E. Landriau, an Executive Vice President and Chief Investment Officer at Orion Properties Inc. (ONL), disposed of 3,332 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
• The shares were disposed of at a price of $2.5 per share.
• Following the transaction, Landriau directly owns 83,578 shares of Orion Properties Inc.
• The transaction was reported on Form 4, filed with the Securities and Exchange Commission (SEC) on March 11, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This specific filing relates to the disposal of shares to cover tax obligations, which is a common occurrence when restricted stock units vest.

Key Dates