Orion Properties Inc.·4

Mar 10, 5:09 PM ET

Day Christopher Haviland 4

Research Summary

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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.