Form 4: Orion Properties Inc. Executive Gavin Brandon Reports Stock Disposal for Tax Withholding

Gavin Brandon, Executive Vice President, Chief Financial Officer, and Treasurer of Orion Properties Inc., disposed of 1,360 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• On March 22, 2025, Gavin Brandon, an executive at Orion Properties Inc., disposed of 1,360 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
• The price per share was $2.31, based on the closing sale price of Orion Properties Inc.'s common stock on March 21, 2025.
• Following the transaction, Brandon directly owns 121,834 shares of Orion Properties Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals for tax purposes are common when restricted stock units vest.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal for tax purposes.

Key Dates

Keywords

Form 4, Orion Properties Inc., Gavin Brandon, Stock Disposal, Tax Withholding, Executive Compensation, ONL