Form 4: Orion Properties Inc. Executive Gavin Brandon Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Gavin Brandon, Executive Vice President, Chief Financial Officer and Treasurer of Orion Properties Inc., disposed of 3,200 shares of common stock on March 7, 2025, to cover tax obligations related to vested restricted stock units.
Summary
- On March 7, 2025, Gavin Brandon, an executive at Orion Properties Inc., disposed of 3,200 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock units.
- The shares were disposed of at a price of $2.5 per share.
- Following the transaction, Brandon directly owns 123,194 shares of Orion Properties Inc.
- The transaction was reported on Form 4, filed with the SEC on March 11, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of the transaction (disposal of shares). |
| 03/11/2025 | Date the Form 4 was signed. |
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