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

Revea Lynn Schmidt, Senior Vice President and Chief Accounting Officer of Orion Properties Inc., disposed of 2,097 shares to cover tax obligations related to vested restricted stock units.

Summary

• Revea Lynn Schmidt, a Senior Vice President and Chief Accounting Officer at Orion Properties Inc. (ONL), filed a Form 4 indicating a change in beneficial ownership.
• On March 7, 2025, Schmidt disposed of 2,097 shares of common stock to satisfy tax withholding obligations related to the vesting of restricted stock units.
• The shares were disposed of at a price of $2.5 per share.
• Following the transaction, Schmidt beneficially owns 59,212 shares of Orion Properties Inc.
• The transaction was executed to cover the tax liability arising from the vesting of 6,623 shares of common stock under Schmidt's restricted stock unit award agreement.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of 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 transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity awards.

Stakeholder Impact

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

Key Dates