Hughes Paul C 4
4 · Orion Properties Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Orion (ONL) General Counsel Paul C. Hughes Sells 6,903 Shares
What Happened
Paul C. Hughes, General Counsel & Secretary of Orion Properties Inc. (ONL), had 6,903 shares disposed on February 26, 2026 as a tax-withholding payment related to 15,106 restricted stock units (RSUs) that vested. The shares were valued at $2.56 each (NYSE closing price), for a total of $17,672. This disposition reflects tax withholding on a vesting event rather than an open-market investment sale.
Key Details
- Transaction date: 2026-02-26; Form 4 filed 2026-03-02 (filed within the typical 2-business-day window).
- Price: $2.56 per share (closing sale price on NYSE on 2/26/2026).
- Shares disposed (withheld for taxes): 6,903; value ≈ $17,672.
- RSUs vested: 15,106; shares retained after withholding: 15,106 − 6,903 = 8,203 (derived from footnote).
- Footnotes: F1 explains the withholding calculation based on the 15,106 vested RSUs; F2 cites the NYSE closing price used.
- Transaction code: F (payment of exercise price or tax liability) — indicates a withholding/settlement, not a market-driven sale.
Context: This was a routine tax-withholding on vested RSUs (a common administrative transaction). It does not necessarily indicate insider buying or selling sentiment since a portion of vested shares were retained.
Insider Transaction Report
Form 4
Hughes Paul C
General Counsel & Secretary
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-02-26$2.56/sh−6,903$17,672→ 132,743 total
Footnotes (2)
- [F1]Reflects the product of the applicable withholding rate and the 15,106 shares of common stock that vested pursuant to the terms of the Reporting Person's restricted stock unit award agreement.
- [F2]Reflects the closing sale price of the Issuer's Common Stock as reported on the New York Stock Exchange on February 26, 2026.
Signature
/s/ Paul C. Hughes|2026-03-02