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 278 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• On March 22, 2025, Revea Lynn Schmidt, Senior Vice President and Chief Accounting Officer of Orion Properties Inc., disposed of 278 shares of common stock.
• The transaction was executed to cover tax obligations arising from the vesting of 1,055 restricted stock units.
• The shares were disposed of at a price of $2.31 per share, based on the closing sale price of Orion Properties Inc.'s common stock on the New York Stock Exchange on March 21, 2025.
• Following the transaction, Schmidt beneficially owns 58,934 shares of Orion Properties Inc. common stock.

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 filing indicates a standard practice of covering tax obligations related to equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders, as it involves a small number of shares disposed of by an executive to cover tax obligations.

Key Dates

Keywords

Form 4, Orion Properties Inc., Stock Disposal, Revea Lynn Schmidt, Executive Compensation, Restricted Stock Units, Tax Obligations