SHANFELTER AUSTIN J 4
Research Summary
AI-generated summary
Orion Group (ORN) Director Austin Shanfelter Sells 90,000 Shares
What Happened
Austin J. Shanfelter, a director of Orion Group Holdings Inc. (ORN), sold 90,000 shares in an open-market transaction on March 10, 2026. The reported weighted-average sale price was $12.17 per share, for a total proceeds of approximately $1,095,417. This was a sale (not a purchase or option exercise), which is often routine insider selling and not necessarily a signal about company prospects.
Key Details
- Transaction date: 2026-03-10; filing date: 2026-03-10 (timely filed).
- Shares sold: 90,000; weighted-average price: $12.17; total proceeds ≈ $1,095,417.
- Price range: individual trades ranged from $11.93 to $12.385 per share (see footnote).
- Shares owned after transaction: not specified in this filing.
- Footnote: Price shown is a weighted average; the reporting person will provide details of number of shares sold at each separate price upon request.
- Transaction type: Open-market sale (Code S).
Context
Insider sales are common for reasons like diversification, tax planning, or liquidity needs and do not by themselves prove company performance trends. Purchases typically carry more weight as a bullish signal; this filing documents a routine director sale. If you follow ORN, watch subsequent insider activity and company fundamentals for broader context.