Form 4: Orion Properties Inc. Executive Paul McDowell Reports Stock Disposal for Tax Withholding
SEC Form 4 Filing
Paul McDowell, a director and officer of Orion Properties Inc., disposed of 10,197 shares of common stock on March 7, 2025, to cover tax obligations related to vested restricted stock units.
Summary
- On March 7, 2025, Paul H. McDowell, a director and officer (Chief Executive Officer, President) of Orion Properties Inc. (ONL), disposed of 10,197 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of 28,256 shares of common stock from a restricted stock unit award.
- The shares were disposed of at a price of $2.5 per share.
- Following the transaction, McDowell beneficially owns 281,895 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. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- Shareholders may be interested in tracking insider transactions for insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of stock disposal transaction. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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