Day Christopher Haviland 4
Research Summary
AI-generated summary
Orion (ONL) EVP/COO Day Haviland Withholds 2,327 Shares for Taxes
What Happened
- Day Christopher Haviland, Executive Vice President and Chief Operating Officer of Orion Properties Inc. (ONL), had 2,327 shares of common stock disposed on March 7, 2026 as a tax-withholding payment related to the vesting of restricted stock units (RSUs). The withheld shares are reported at $2.45 each, for a total value of approximately $5,701.
Key Details
- Transaction date: March 7, 2026; Form 4 filed March 10, 2026.
- Disposition: 2,327 shares withheld to satisfy tax withholding obligations (transaction code F).
- Price used: $2.45 per share (closing price on NYSE on March 6, 2026, per filing).
- Underlying vesting: 8,830 RSU shares vested; the withheld 2,327 shares reflect the applicable withholding rate (footnote).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: Form 4 was filed March 10, 2026; no late filing flag indicated in the excerpt.
Context
- This was a routine tax-withholding disposition tied to RSU vesting, not an open-market sale or purchase. Shares were retained by the company/withheld to cover taxes rather than sold on the open market by the insider, so it does not directly signal a bullish or bearish trade decision.