Form 4: Orion Properties Inc. Executive Paul C. Hughes Reports Stock Disposal for Tax Obligations

Paul C. Hughes, General Counsel & Secretary of Orion Properties Inc., disposed of 3,005 shares of common stock on March 7, 2025, to cover tax obligations related to vested restricted stock units.

Summary

• On March 7, 2025, Paul C. Hughes, the General Counsel & Secretary of Orion Properties Inc., disposed of 3,005 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units.
• The shares were disposed of at a price of $2.5 per share.
• Following the transaction, Hughes directly owns 61,299 shares of Orion Properties Inc.
• The transaction was reported on March 11, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects a routine transaction for tax purposes and doesn't indicate any significant positive or negative implications for the company.

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 transaction related to tax obligations on vested equity.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.

Key Dates