SMITH DAN F 4

What Happened Dan F. Smith, a director of Orion S.A. (OEC), received a grant of 19,150 restricted shares on June 26, 2026. The Form 4 lists the acquisition price as $0.00 (total reported value $0), indicating these were a compensatory award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-26; Transaction type: Award/Grant (Code A); Price: $0.00; Shares granted: 19,150.
• Total reported dollar value on the Form 4: $0 (award of restricted shares).
• Vesting: per footnote, the restricted shares vest on the day prior to the issuer’s 2027 Annual General Meeting of Shareholders.
• Shares owned after the transaction: not disclosed in this filing.
• Filing date: 2026-06-30 — filed within the SEC’s 2-business-day Form 4 window (timely).

Context Restricted-share grants are common compensation for directors and typically vest over time or upon a corporate event; they are not the same as a purchase (which some investors view as a bullish signal). This filing does not show any immediate sale, tax-withholding disposition, or 10b5-1 plan; it mainly documents a compensatory award with a defined vesting date.