Form 4: Orion Properties Inc. Executive Vice President Gary E. Landriau Reports Acquisition of 42,918 Common Stock Units

Gary E. Landriau, Executive Vice President and Chief Investment Officer of Orion Properties Inc., reports the acquisition of 42,918 common stock units on May 15, 2025, as part of a restricted stock unit award.

Summary

• On May 15, 2025, Gary E. Landriau, Executive Vice President and Chief Investment Officer of Orion Properties Inc., acquired 42,918 shares of common stock.
• These shares were obtained through a restricted stock unit (RSU) award under the Issuer's Equity Plan.
• The RSUs vest ratably over three years, starting March 3, 2025, contingent upon Landriau's continued service with the company.
• Following this transaction, Landriau's total holdings in Orion Properties Inc. amount to 135,849 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices. The vesting schedule promotes long-term commitment.

Positives

• The RSU award aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The vesting of the restricted stock units is contingent upon the Reporting Person's continued service with the Issuer.

Industry Context

This type of equity compensation is common in the real estate industry to incentivize executives and align their interests with shareholders.

Stakeholder Impact

• The RSU award aligns executive interests with shareholder value.
• Employees may view the equity plan as a positive aspect of their compensation package.

Key Dates

Keywords

Orion Properties Inc., Gary E. Landriau, restricted stock units, ONL, Equity Plan, beneficial ownership, Form 4, executive compensation