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

Paul McDowell, a director and officer of Orion Properties Inc., disposed of 6,139 shares of common stock on March 22, 2025, to cover tax obligations related to vested restricted stock units.

Summary

• On March 22, 2025, Paul H. McDowell, a director and officer (Chief Executive Officer, President) of Orion Properties Inc. (ONL), reported a transaction involving the disposal of 6,139 shares of common stock.
• The disposal was executed to satisfy tax withholding obligations related to the vesting of 12,005 restricted stock units.
• The price per share for the transaction was $2.31, which was the closing sale price of ONL's common stock on the New York Stock Exchange on March 21, 2025.
• Following the transaction, McDowell directly owns 287,756 shares of Orion Properties Inc. common stock.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This filing indicates a routine transaction to cover tax obligations, which is a common practice.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Orion Properties Inc., ONL, Paul McDowell, Stock Disposal, Tax Withholding, Restricted Stock Units, Director, Officer