Earle Edward Chipman 4
4 · Orion Group Holdings Inc · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Orion Group (ORN) EVP Earle Chipman Withholds 2,884 Shares for Taxes
What Happened
Earle Edward Chipman, EVP & General Counsel of Orion Group Holdings, had 2,884 shares withheld on April 1, 2026 to satisfy tax withholding obligations tied to the vesting of restricted shares. The withholding was at $11.24 per share, totaling about $32,416. This was not an open-market sale but a share-withholding to pay taxes on a prior award.
Key Details
- Transaction date: 2026-04-01; Filing date: 2026-04-02 (timely filing).
- Action/code: F — payment of tax liability via share withholding.
- Withheld shares: 2,884 at $11.24 each; aggregate value ≈ $32,416.
- Award context: Withholding satisfied taxes on the vesting of 11,842 restricted shares granted March 20, 2025; Chipman retained 8,958 shares from that award (per footnote).
- No indication of a 10b5-1 plan or late filing in the report.
Context
Share withholding to cover taxes on vested restricted stock is routine and does not represent a market sale decision by the insider; it reduces the net shares received from the award. This transaction should be viewed as tax-related administrative action rather than a signal of insider buying or selling intent.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-04-01$11.24/sh−2,884$32,416→ 145,042 total
Footnotes (1)
- [F1]The Issuer withheld 2,884 shares to satisfy tax withholding obligations in connection with the vesting of 11,842 restricted shares granted to the Reporting Person on March 20, 2025, resulting in the Reporting Person retaining 8,958 shares from such award.