Form 4: Orion Properties Inc. Executive Paul C. Hughes Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Paul C. Hughes, General Counsel & Secretary of Orion Properties Inc., reports a transaction involving common stock due to tax withholding upon vesting of restricted stock units.
Summary
- On March 22, 2025, Paul C. Hughes, General Counsel & Secretary of Orion Properties Inc., reported a change in beneficial ownership of the company's common stock.
- The transaction involved the disposition of 1,145 shares to cover tax obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $2.31 per share.
- Following the transaction, Hughes directly owns 60,154 shares of Orion Properties Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/22/2025 | Date of transaction (disposal of shares for tax withholding). |
| 03/21/2025 | Date of closing sale price used for share disposal ($2.31). |
| 03/26/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Orion Properties Inc., ONL, Paul C. Hughes, Restricted Stock Units, Tax Withholding, Common Stock
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