Quinones Carlos 4

What Happened
Carlos Quinones, Senior Vice President, Global Operations at Orion S.A. (OEC), had 6,516 performance-based restricted stock units vest and be settled into shares on Feb 19, 2026. To satisfy tax-withholding obligations, the issuer withheld 1,790 shares (valued at $6.27 each, $11,223) and 2,129 shares (valued at $6.27 each, $13,349), for a total of 3,919 shares withheld (~$24,572). The filing shows the award was settled in shares (acquisition code A) and the withholdings were reported as dispositions for tax (code F).

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (timely — within two business days). Accession: 0000950142-26-000489.
• Award: 6,516 shares (performance-based RSUs) vested and were settled (reported at $0 acquisition price).
• Withheld for taxes: 1,790 shares ($11,223) and 2,129 shares ($13,349); total withheld = 3,919 shares (~$24,572).
• Net shares delivered to Quinones: 6,516 − 3,919 = 2,597 shares.
• Footnotes: F2 confirms these were performance-based RSUs that vested; F1/F3 confirm shares were withheld by the issuer to satisfy tax withholding.
• Shares owned after transaction: Not stated in the provided filing.

Context
This was an award/vesting event, not an open-market purchase or sale to a third party. The withholding is a routine, issuer-handled tax settlement (common in RSU vesting and effectively a cashless tax withholding), and does not by itself indicate a change in insider sentiment.