Orion Group Holdings Inc: CFO enters employment agreement

What happened

• Orion Group Holdings, Inc. filed a Current Report on Form 8-K on Oct 15, 2026 reporting that Alison G. Vasquez entered into an employment agreement with the company effective Oct 12, 2026. The Vasquez Employment Agreement replaces and supersedes the prior Offer Letter, and establishes an initial term ending on Dec 31, 2026 with automatic one-year renewals.

Key details

• Annual base salary set at $480,000 per year and target annual bonus set at 75% of annual base salary; eligible for long-term incentive programs.
• If terminated by the company Without Cause or by Ms. Vasquez for Good Reason, and subject to a customary release, severance includes salary continuation for 1 year, payment of accrued obligations, any earned but unpaid bonuses, transitional expenses and continued vehicle allowance for 1 year.
• If termination occurs within a 12-month period following a Change in Control, and subject to a customary release, severance includes salary continuation for 3 years, payment of accrued obligations, any earned but unpaid bonuses, transitional expenses and continued vehicle allowance for 3 years, a lump sum equal to 3 times the annual bonus earned for the most recently completed fiscal year, and accelerated vesting of outstanding equity awards with performance awards deemed achieved at maximum.
• The agreement contains customary confidentiality, non-competition and non-solicitation covenants and is attached as Exhibit 10.1 to the filing.

Why it may matter

• The filing reports Item 5.02, which covers departure of directors or certain officers and election of directors, and here discloses an employment agreement for the company’s executive vice president and chief financial officer. The filing does not show why the insider traded or why the company acted.